I know a person who had a substantial trust and home and everything in trust from her parents who gets welfare and snap for kids. Lives in a house that is not hers” and drives a G class Mercedes that is not “hers”.
This will not close that loophole as the money is not “hers”.
Yes. A trust fund is not counted as income. Also, if you report that you only have one house and one car, you are golden. Nobody really asks how much the house and care are worth.
You have to give the govt bank account info, but if you only report one bank account, they don’t go looking for any others, I think.