answersLogoWhite

0


Best Answer

A living will and a living trust are two different types of documents. A living will is an advanced directive, which directs the care staff to discontinue any treatments when there is no hope of your recovery when you're unconscious. A living trust is a document that places all of your assets into a trust profile that can immediately be accessed by your heirs if something happens to you. It's effect on your section 8 program depends on whether you have control over it. If the assets within the trust belongs to you, then 2% of any liquid assets is counted as income for the purpose of determining how much you will pay in rent.

User Avatar

Wiki User

12y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Can you get in trouble for a living will trust while on section 8 housing?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

When was Gilman Housing Trust created?

Gilman Housing Trust was created in 1973.


When was Champlain Housing Trust created?

Champlain Housing Trust was created in 1984.


When did South Australian Housing Trust end?

South Australian Housing Trust ended in 2006.


When was South Australian Housing Trust created?

South Australian Housing Trust was created in 1936.


When was Notting Hill Housing Trust created?

Notting Hill Housing Trust was created in 1963.


What is the symbol for Senior Housing Properties Trust in the NYSE?

The symbol for Senior Housing Properties Trust in the NYSE is: SNH.


Living Trust Revocation?

Get StartedThe Living Trust Revocation is a document used to revoke a living trust or joint living trust. The Revocation can be used to either dismantle the entire plan of using a revocable living trust or to revoke the "old" living trust in preparation for preparing and signing a "new" living trust. However, if a new living trust will be created, and if it will have the same number of grantors as the revoked living trust, consider amending and restating the existing living trust instead of revoking it. If the living trust is merely restated and not revoked/replaced, the assets already transferred to the living trust will remain in the living trust, avoiding the need to transfer each of them. (See this program's Living Trust or Joint Living Trust documents and select the option to "Amend" the Trust.)


What do you do if you are in trouble?

Depends on the trouble. Tell someone you can trust.


What to do if you are in trouble?

Depends on the trouble. Tell someone you can trust.


What is the definition of a living trust?

A living trust is simply a trust created by a living person. It is also known as an "inter vivos trust". That's Latin meaning a trust between living persons. Conversely, a trust created by someone in a will is called a testamentary trust.


What is the living trust all about?

A living trust is very similar to a living will. The living trust is created by the individual and outlines the wishes of that individual in regards to their assets.


What is the market cap for Senior Housing Properties Trust SNH?

As of July 2014, the market cap for Senior Housing Properties Trust (SNH) is $4,824,158,792.96.