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VeteranAid.org Forum > General Aid & Attendance Discussion > General Discussion > Income Only Trust
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Author Topic: Income Only Trust  (Read 1310 times)
harwich37
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« 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.
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