Putting Assets into a Trust to Avoid Losing SSI Benefits

Christopher Le25 Jan, 2024Legal

The assets within trusts that individuals create for themselves are typically considered when determining eligibility for SSI. Conversely, trusts established by others, designating you as a beneficiary, are generally not deemed your assets for SSI eligibility purposes. If you established an irrevocable trust for your benefit before January 1, 2000, it is usually grandfathered, and its assets are often not considered as part of your ownership.