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DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI RESOURCE ELIGIBILITY 11/18 CHAPTER E PAGE 125 66.7.1. Mandatory Trust Payments If the trust principal is not a resource but provides for mandatory payments to the beneficiary and the beneficiary is not prohibited from anticipating, assigning or selling the right to future payments, the current value of these payments may be a resource to the beneficiary. 66.7.1.1. Value Current resource value is assumed to be the total of all payments to be received in the future. If the trust identifies the period over which the payments are to be made, the resource value will be the total amount that will be received within that period. If the payments are to continue for life, determine the countable resource value by multiplying the total amount to be received within a 12 month period times the individual’s life expectancy. The individual may rebut the value by providing a written statement from a knowledgeable source such as a bank or other entity whose professional duties include the sale and purchase of future benefits. Use the Life Expectancy Table below to determine the individual’s life expectancy. If the individual’s age falls between the ages listed in the table, use the next higher age. Example - A trust provides for payment of $100 (spending money) per month for life to the 42 year old beneficiary. Because the trust does not prohibit the sale of future benefits, the beneficiary may be able to sell the right to future payments for a lump-sum settlement. The value of the payments to be received over the lifetime of the individual is a resource. $1200 a year X 37 years (life expectancy at 45) = $44,400 countable resource value