23 Miss. Code. R. 104-2.9 - Income from Trusts and Conservatorships

A. Generally, if the client has a right to the income from the principal of a trust or conservatorship, it is income to him as it becomes available.

B. If the client has no right to the income from the trust/conserved funds, then only the payments actually paid from the trust would be income.

C. The income/resource rules that apply to a trust or conservatorship depend on when the trust or conservatorship was established. Refer to Part 103, Chapter 5, for a complete discussion of applicable income/resource rules.

Notes

23 Miss. Code. R. 104-2.9

Social Security Act §1902 (r)(2); 42 CFR §435.601(b) (Rev 1994).