Trustee on Mothers Life Insurance Policy

Submitted by Anonymous (not verified) on Tue, 10/11/2011 - 12:39

I am the Trustee on my mothers"" Irrevocable Trust Life Insurance Policy valued at approxmately $149.000.00 Her Agent filed a 1099 in my name this year( box 6-non taxable) Because of this, they have disallowed my SSD, which I have received since 2007 due to medical reasons. My mother is still very much alive , and my brother is also listed on the policy as a beneficiary. I don't understand how they can take away my benefits for this & was under the impression that they could not consider a "Irrevocable Trust" as a asset income. What can I do ???

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