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DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI RESOURCE ELIGIBILITY 11/18 CHAPTER E PAGE 124 66.6.1.1. Excluded Resources in a Trust If an individual places an excluded resource in a trust and the trust is a countable resource, the resource exclusion can still be applied to that resource. For example, if an individual transfer’s ownership of his/her excluded home to a trust and the trust is a countable resource, the home is still subject to exclusion as home property. See Home Property Chapter E – 35. Example An applicant’s revocable trust contains $1,500 cash, a $100,000 home to which the individual intends to return and a $15,000 automobile that the individual’s household uses for transportation. The total value of the trust is $116,500. The countable value is determined by applying resource policy to each of the trust assets. The home is excluded as home property as the applicant has an equitable ownership in the property, it was his home and he intends to return to it. The automobile is exempted under the vehicle policy that permits one vehicle to be excluded for household transportation. Only the cash in the trust has a countable value, $1500. The total countable resource value of the trust is $1,500. (See Home Property Chapter E – 35 and Automobiles Chapter E - 15) 66.6.2. Trust Payments If the trust principal is a resource, disbursements from the trust to or for the benefit of the individual are not income but conversion of a resource. Disbursements, not to or for the benefit of the individual (or spouse), need to be evaluated as resource transfers. See Resource Transfers Chapter G. 66.7. Trusts Which Are Not Resources If an individual does not have the legal authority to revoke the trust or direct the use of the trust assets for his/her own support and maintenance, the trust principal is not the individual's resource for AG purposes. If the trust principal is not a resource, disbursements from the trust may be income to the AG recipient beneficiary. Cash paid directly to the individual is unearned income. See Trust Disbursements Chapter I - 64.