2) Jointly Owned Trust Example – Income lower than disbursement

The customer and his wife jointly own a revocable trust. Every month the customer’s $1,500.00 Social Security benefit and his wife’s $300.00 pension payment are direct-deposited to the revocable trust account. The trustee takes $2,000.00 out of the trust account and gives it to the couple. The $2,000.00 paid out from the trust is higher than the $1,800.00 that went into the trust. The $2,000.00 paid out from the trust is counted when determining income eligibility and share of cost.