This full-day program reviews the types of trusts most often encountered in Medicaid caseloads. Definition of common trust terms, the role of trustee and his/her discretion, treatment of trusts where the Applicant/Recipient (A/R) is grantor and/or beneficiary, Medicaid Qualifying trusts, Omnibus Budget Reconciliation Act (OBRA) '93 trusts, and Exception and Supplemental Needs Trusts will be discussed.
As a result of the training, participants will be able to:
Identifying types of Trusts funds
Distinguish the difference between MQT’s and OBRA 93 Trusts
Distinguish the difference between Revocable and Irrevocable Trusts
Distinguish the difference between individual Exception Trusts and Pooled Exception Trusts
Determine countable income/resources of Trusts