What Is a Trust?

A legal title to property held by one party for the benefit of another

Trust Terms

• Settlor: The person who creates a trust
• Trustee: The person who administers a trust
• Beneficiary: The person who is entitled to receive the assets or income in a trust

Which Trusts Do We Care About?

• Any trust which was established by or which benefits a Medicaid client or applicant
• Trust may be established by the individual, by a court, by a guardian, by a third party, or through a will

Basic Question for Any Trust

• Can the Medicaid client or applicant access the assets in the trust?
• If he or she can, then the trust is usually a countable resource
• If he or she cannot, then the trust is usually not a countable resource

Types of Trusts

• Income Trust (8.110.52.B.5.a.)
• Disability Trust (8.110.52.B.5.b.)
• Pooled Trust (8.110.52.B.5.c)

For more information contact: 

Michelle Daniels   Michelle.Daniels@state.co.us   Fax: 303-866-3552