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A CRUT, by definition, could not accelerate the remainder to
the final holder. The current beneficiary, or beneficiaries, are
required to receive the income until they die, after which the
the charitable organization(s) designated in the trust documents
will receive the remainder.
There are...
I found out the answer from the organization that is subsidizing my rent. No matter what my income is i get to keep $134 and the rest of my income wil be paid to the assisted living facility for rent.
California
I am living in a RCFE in California, an assisted living facility. I am currently getting to keep about $130 of my monthly income and the rest of my income is paid to the facility for rent.
If i start getting SSI, will i be able to keep the entire ssi amount i get, or will i only be...
While i am not familar with 'surrender options', i do not think they would be applicable, in this case, since the terms of the trust docuiment can not be deviated from at all.
I asked this same question elsewhere and an attorney told me that SSI will consider my meager income from the CRUT as...
California
I am receiving income from a Charitable Remainder Unitrust (CRUT) and i am applying for SSI.
Does SSI consider income from a CRUT to be 'countable income?
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