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Elder law is a term coined to cover an area of legal practice that places an emphasis on those issues that affect the growing aging population. Which of the following is not one of the four major categories of elder law?
A person is not eligible for Medicaid unless or until they have satisfied all three branches of a three-part test. Which of the following is not one of the three parts of the Medicaid eligibility test?
Assets that are excluded per the “Married Couple Asset Rules” (spousal impoverishment rules), include the following, except:
Crisis planning is for a senior who is currently receiving or eligible to receive long term care at home, in assisted living, or in a nursing home. A strategy for crisis planning includes strategically spending down the client’s assets after first splitting the assets 50/50 with the well spouse. The following are allowable spend-down options for the ill spouse’s assets once in crisis planning, except:
The “Transfer Penalty Rules” include a five-year look back period, which means any transfers made within five years of applying for Medicaid must be disclosed and applied toward a penalty period calculation that delays the start of benefits. Permitted transfers that are not included in the calculation of the penalty period include transfers made to the following, except:
Pre-planning includes setting up an irrevocable Asset Protection Trust during the grantor’s lifetime. In it the beneficiaries can be changed, the grantor appoints a trustee, the grantor chooses to whom principal and income is paid, etc. The following are what can happen after five years as the result of pre-planning with an Asset Protection Trust, except:
Federal Spousal Impoverishment Rules are designed to prevent a “well” spouse from becoming poor, destitute, and impoverished. The following are true about Federal Impoverishment Rules, except:
The following are benefits of transferring assets to an asset-protection trust versus gifting assets outright, except:
The Veterans Affairs (VA) Pension is the VA’s Medicaid program. It also has a three-part test: military, medical and financial. To be eligible for veteran’s benefits, someone must have honorably served active military, naval, or air service during wartime, which means 90 days of continuous active duty with at least 1 day during a declared period of war. The service requirements for the military test include the following, except:
The goals of asset protection planning first and foremost are to provide for the following, except: