Alaska Administrative Code
Title 7 - Health and Social Services
Part 7 - Medicaid Assistance Eligibility
Chapter 100 - Medicaid Eligibility
Article 11 - Medicaid Treatment of Trusts
7 AAC 100.602 - General trust rules

(a) Except as provided under 7 AAC 100.604, if an applicant or recipient is the grantor of a revocable trust,

(b) Except as provided under 7 AAC 100.604, if an applicant or recipient is the grantor of an irrevocable trust and the terms of the trust authorize the trustee to make a payment to, or for the benefit of, the applicant or recipient

(c) Except as provided under 7 AAC 100.604, if an applicant or recipient is the grantor of an irrevocable trust under 7 AAC 100.600 and the terms of the trust prohibit a portion of that trust from being paid to, or for the benefit of, the applicant or recipient under any circumstances, that portion of the trust is a transfer of an asset for less than fair market value under 7 AAC 100.510. The date of the transfer is the date the trust was established or the date on which payment to, or for the benefit of, the applicant or recipient was foreclosed, whichever is later. An addition to the trust by the applicant or recipient is a new transfer of an asset for less than fair market value if

(d) Except as provided under 7 AAC 100.604, a payment from a trust is income to the applicant or recipient, according to the provisions of this chapter that are applicable to the applicant's or recipient's eligibility category, if the payment is

(e) If the trust corpus includes assets contributed by more than one beneficiary, this section applies only to that portion of the trust assets actually contributed by the beneficiary who is an applicant or recipient.