The ABC trust, funded by Joe, gives the trustee complete and absolute discretion to distribute trust...
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The ABC trust, funded by Joe, gives the trustee "complete and absolute discretion to distribute trust income for Joe's or Joe's children's healthcare, if the trustee deems it necessary." The principal can only be spent for Joe's children. Will the principal and/or income be considered an available resource for Joe? Explain. The ABC trust, funded by Joe, gives the trustee "complete and absolute discretion to distribute trust income for Joe's or Joe's children's healthcare, if the trustee deems it necessary." The principal can only be spent for Joe's children. Will the principal and/or income be considered an available resource for Joe? Explain.
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