VeteranAid.org Forum
February 09, 2012, 05:06:06 PM *
Welcome, Guest. Please login or register.

Login with username, password and session length
News: Don't forget to sign up for the VeteranAid.org Newsletter for the latest information on the VA and Aid & Attendance.  Click Here to subscribe.
 
   Home   Help Search Login Register  

VeteranAid.org Forum > General Aid & Attendance Discussion > General Discussion > Income Only Trust
Pages: [1]   Go Down
« previous next »
  Print  
Author Topic: Income Only Trust  (Read 1227 times)
harwich37
Newbie
*
Offline Offline

Posts: 2


View Profile
« on: October 10, 2007, 03:01:15 PM »
I was told an income only irrevocable trust is considered an "available asset" --- does anyone know the VA rules about irrevocable trusts.

I was also told that an IRA in which the Veteran is taking minimum distributions -- should be counted as income but not as an asset as an IRA is not convertible to cash without significant tax penalties.
Logged
Pages: [1]   Go Up
  Print  
« previous next »
 
Jump to:  


Powered by MySQL Powered by PHP Powered by SMF 1.1.15 | SMF © 2011, Simple Machines Valid XHTML 1.0! Valid CSS!
beauties