Social Security Rules for Diverting Income to a Trust

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Tip 1 - How Income Trusts Help If You Have Too Much Income for Medicaid | Nolo.com

Published: 9 years, 4 month(s) ago | Submitted by Ron Holborn | permalink

Income trusts are a legal to qualify for Medicaid when you have too much income.

For further reading: http://www.nolo.com/legal-encyclopedia/how-income-trusts-help-if-you-have-too-much-income-medicaid.html ^[1]

Tip 2 - Social Security Rules for Diverting Income to a Trust | eHow

Published: 9 years, 4 month(s) ago | Submitted by Colin Mc Kechnie | permalink

Supplemental Security Income is a Social Security program that helps the old and the disabled, provided they have no money. The program has tight limits on how much assets you can have: $2,000 for one person, $3,000 for a couple. Assets placed in a trust count against that limit, except special-needs or pooled trusts. This isn't an issue for...

For further reading: http://www.ehow.com/about_5572211_social-rules-diverting-income-trust.html ^[2]

Tip 3 - Can a Divorced Spouse Waive the Social Security Income of a Spouse?

Published: 9 years, 4 month(s) ago | Submitted by R Brown LSN | permalink

After a long-term marriage, you may be entitled to receive Social Security benefits under your ex-spouse's work record. However, application is optional; you do not have to file any sort of ...

For further reading: http://info.legalzoom.com/can-divorced-spouse-waive-social-security-income-spouse-25210.html ^[3]