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Rhode Island General Laws Title 35. Public Finance § 35-24-6. Monies invested in trust not considered assets or income

Current as of January 01, 2024 | Updated by Findlaw Staff

Except as otherwise required by federal law, any money deposited into the trust and credited to a designated beneficiary, and any increase in the values thereof, shall not be used to calculate the personal assets of a designated beneficiary for purposes of determining income eligibility of the designated beneficiary for state or local assistance programs including:

(1) Any disability, medical, or other health benefits administered by the state;  and

(2) Any student loan program, student grant program, or other student financial program administered by the state.

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Cite this article: FindLaw.com - Rhode Island General Laws Title 35. Public Finance § 35-24-6. Monies invested in trust not considered assets or income - last updated January 01, 2024 | https://codes.findlaw.com/ri/title-35-public-finance/ri-gen-laws-sect-35-24-6/

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