D Transfers to an Income Only Trust (IOT)
Click here to see this page in full context

 

  1. Home >
  2. Examples >
  3. E902 Transfers That May Affect Eligibility Examples >
  4. D Transfers to an Income Only Trust (IOT)

D Transfers To An Income Only Trust (IOT)

Programs

Manual Section

ALTCS

MA902

 

Example

The customer receives $1,600 in monthly income that is assigned to his IOT. The trustee issues $1,500 for the benefit of the customer. The $100 that was not disbursed is considered a transfer.