7 AAC 100.610 - Qualifying income trust
To be approved by the department, a qualifying income trust
(1) must consist exclusively of income to the applicant or recipient, including accumulated interest;
(2) must be irrevocable;
(3) may not contain an asset other than income;
(4) must terminate upon a court order or the death of the recipient, whichever is earlier; and
(5) must provide for reimbursement to the state under 7 AAC 100.608.
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