Glossary R-words (AAM)

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Real property — Resources which are in the form of real estate, such as land or buildings.

Refugee — Either an alien who are fled from a communist or communist-dominated country because of persecution or fear of persecution due to race, religion, or political opinion, or an alien who has been displaced due to a natural catastrophe.

Registered child care provider — A provider who has been assigned a provider registration number by DFA State Office.

Resident — An individual who lives in the state voluntarily in a verified place of residence and who intends to remain and make their home in New Hampshire.

Resources — Possessions which an individual owns. Examples of resources are cash, bank accounts, stocks, bonds, vehicles, or real estate.

Revocable Trust — A trust which can be revoked by the grantor, including trusts that are called irrevocable but which will terminate if some action is taken by the grantor.

Roth Individual Retirement Account — a trust or a custodial account that meets most of the requirements of a Traditional Individual Retirement Account. Unlike a Traditional Individual Retirement Account:

• most contributions to the account are not tax-exempt;

• most disbursements from the account are tax-exempt;

• contributions can be made to a Roth after an individual reaches age 70 ½; and

• an individual can leave funds in a Roth as long as they live.