Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
A Medicaid-qualifying trust is a nontestamentary trust or a similar legal device established before August 11, 1993, by the individual or the individual's spouse or by someone acting on the individual's or spouse's behalf that uses the individual's or spouse's funds. Under the terms of the trust, the individual may be the beneficiary of all or part of the payments from the trust or similar legal device and the distribution of payments is determined by one or more trustees who are permitted to exercise discretion regarding the distribution to the individual. This section applies regardless of the purpose for which the trust was established.
Source: 17 SDR 187, effective June 3, 1991; transferred from § 67:16:20:18.01, effective August 23, 1992; 20 SDR 170, effective April 21, 1994.