Income from Trusts and Conservatorships

Income from Trusts and Conservatorships. A. Generally, if the client has a right to the income from the principal of a trust or conservatorship, it is income to him as it becomes available. B. If the client has no right to the income from the trust/conserved funds, then only the payments actually paid from the trust would be income. C. The income/resource rules that apply to a trust or conservatorship depend on when the trust or conservatorship was established. Refer to Part 103, Chapter 5, for a complete discussion of applicable income/resource rules.