5600 Trust Funds and Annuities

For purposes of this section a trust shall be defined as any legal instrument or device that is similar to a trust. An annuity is a contract or device which conveys a right to receive a fixed, periodic source of income for a specified period of time.

Each trust and annuity must be reviewed to determine the terms and conditions of the instrument. A full copy of each reported trust/annuity must be obtained from the applicant/recipient. Any pertinent information supporting either the establishment, funding mechanism or current value must also be obtained.

The material and a completed B-6.1, Annuity Clearance Request Form and/or B-6.2, Trust Clearance Request Form , is submitted to KDHE-DHCF Policy for a review and a decision regarding the status of the trust or annuity will be communicated to eligibility staff.