Department of Human Services

Food Stamp Online  Policy Manual

Definition of Income

Unearned Income

Revised: 

20.14

MONIES RECEIVED FROM TRUST FUNDS

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1240-1-4-.14(2)(j)

In some instances, money received from trust funds is excluded as a resource. (Refer to Section 1240-1-4-.15 for specific examples.).  When trust fund money has been excluded as a resource, count it as unearned income in the month it is received or becomes available to the household, unless it is exempt for other reasons.

 

The above instructions apply in the following situations:

 

1.      When money is withdrawn from the trust fund;

 

2.      When dividends on the trust fund are received; and

 

3.      When dividends become available to the household, but the household elects to reinvest them in the trust fund.  In this situation, count the dividend amount as unearned income during the month it becomes available to the household.

 

Glossary of Terms

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