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--></style></head><body lang="EN-US" link="blue" vlink="purple"><div class="WordSection1"><p class="MsoNormal"><span style="color:#1f497d">I haven’t looked at Washington’s WACs recently on this point, but in Idaho there is a difference between a purchased life estate and a gift of property with a retained life estate. Idaho only claims an interest in a retained life estate that was created by gift of the remainder interest. I think that is common with most states.</span></p><p class="MsoNormal"><span style="color:#1f497d"> </span></p><p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">Sincerely,</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#3333ff"><br></span></b><b><span style="font-size:13.5pt;font-family:"Lucida Handwriting";color:#3333ff">Chris J. Moore</span></b><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">Christopher J. Moore, JD, CPA, AEP<sup>®</sup>, EPLS*</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">Creason, Moore, Dokken & Geidl, PLLC</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">Lawyers</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">1219 Idaho Street, POB 835</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">Lewiston, Idaho 83501-0835</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">Phone: 208-743-1516; Fax: 208-746-2231</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">Website: </span><span style="font-size:12.0pt;font-family:"Times New Roman",serif;color:#1f497d"><a href="http://www.cmd-law.com/" target="_blank"><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#1155cc">www.cmd-law.com</span></a></span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">*Certified as an Estate Planning Law Specialist by the Estate Law Specialist Board, Inc., the only estate planning certification entity approved by both the American Bar Association and the Idaho State Bar Association.</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#500050">_______________________________________________</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#500050"><br></span><b><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#17365d">-- Note -- </span></b><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#17365d">The information contained in this e-mail transmission is confidential and may also be a legally privileged communication. This information is intended for the exclusive and private use of the addressee(s). If you are not the intended recipient, you are hereby notified that any use, disclosure, dissemination, distribution (other than to the addressee(s)), copying or taking any action because of this information is strictly prohibited. If you have received this e-mail in error, please notify the sender immediately. Thank you.</span><span style="font-size:10.0pt;font-family:"Arial",sans-serif;color:#17365d"><br></span><span style="font-size:10.0pt;font-family:"Verdana",sans-serif;color:#17365d">~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~</span><span style="color:#1f497d"></span></p><p class="MsoNormal"><span style="color:#1f497d"> </span></p><p class="MsoNormal"><span style="color:#1f497d"> </span></p><p class="MsoNormal"><span style="color:#1f497d"> </span></p><div><div style="border:none;border-top:solid #e1e1e1 1.0pt;padding:3.0pt 0in 0in 0in"><p class="MsoNormal"><b>From:</b> <a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a> [mailto:<a href="mailto:wsbapt-bounces@lists.wsbarppt.com">wsbapt-bounces@lists.wsbarppt.com</a>] <b>On Behalf Of </b>Josh Grant<br><b>Sent:</b> Wednesday, July 22, 2015 1:56 PM<br><b>To:</b> WSBA Probate & Trust Listserv<br><b>Subject:</b> Re: [WSBAPT] Medicaid Asset Recovery for Life Estate</p></div></div><p class="MsoNormal"> </p><div><div><div><p class="MsoNormal"><span style="font-size:12.0pt;color:black">Life estates have to be created prior to 7/1/05 in order to be excluded.</span></p></div><div><div><div><p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"> </span></p></div><div><div><p class="MsoNormal" style="background:whitesmoke"><b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"> <a href="mailto:susan@pepetersonlaw.com" title="susan@pepetersonlaw.com">Susan Spuller</a> </span></p></div><div><p class="MsoNormal" style="background:whitesmoke"><b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black">Sent:</span></b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"> Wednesday, July 22, 2015 12:54 PM</span></p></div><div><p class="MsoNormal" style="background:whitesmoke"><b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black">To:</span></b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"> <a href="mailto:wsbapt@lists.wsbarppt.com" title="wsbapt@lists.wsbarppt.com">wsbapt@lists.wsbarppt.com</a> </span></p></div><div><p class="MsoNormal" style="background:whitesmoke"><b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black">Subject:</span></b><span style="font-size:10.0pt;font-family:"Tahoma",sans-serif;color:black"> [WSBAPT] Medicaid Asset Recovery for Life Estate</span></p></div></div></div><div><p class="MsoNormal"><span style="font-size:12.0pt;color:black"> </span></p></div></div><div><p class="MsoNormal"><span style="color:black">PC’s mother is no longer able to live alone safely, and he wants to move her into his home so that he can provide care. There is an unfinished portion of the house that will require remodeling to accomplish this. Mom has said that she will sell her own house to pay for the remodel so that can happen. If mom purchases a life estate in his home in order to provide him with the funds to finish the basement, I believe that should avoid a transfer penalty (assuming that she makes it her legal residence and resides there for at least a year). Am I correct? Also, is a life estate that is purchased in this way, as opposed to retained in the applicant’s own home, treated any differently for asset recovery purposes? I don’t think they will want to go the life estate route if there is a potential for a lien on their home for the value of mom’s life estate. Thanks for any assistance. </span></p><p class="MsoNormal"><span style="color:black"> </span></p><p class="MsoNormal"><span style="color:black">Susan E. Spuller</span></p><p class="MsoNormal"><span style="color:black">Of Counsel</span></p><p class="MsoNormal"><span style="color:black"> </span></p><p class="MsoNormal"><span style="color:black">Law Office of Paulette Peterson, PLLC</span></p><p class="MsoNormal"><span style="color:black">7869 Hansen Road</span></p><p class="MsoNormal"><span style="color:black">Bainbridge Island, WA 98110</span></p><p class="MsoNormal"><span style="color:black">206.855.9293</span></p><p class="MsoNormal"><span style="color:black">Fax: 206.855.9295</span></p><p class="MsoNormal"><span style="color:black"> </span></p><p class="MsoNormal"><i><span style="font-size:10.0pt;color:black">The information contained in this email is confidential and may also be attorney-client privileged. The information is intended only for the use of the individual or entity to whom it is addressed. If you are not the intended recipient, or the employee or agent responsible to deliver it to the intended recipient, you are hereby notified that any use, dissemination, distribution or copying of this communication is strictly prohibited. If you have received this email in error, please immediately notify me by replying to this email and delete the original. Thank you.</span></i></p><p class="MsoNormal"><span style="color:black"> </span></p><p class="MsoNormal"><span style="color:black"> </span></p><div class="MsoNormal" align="center" style="text-align:center"><span style="font-size:12.0pt;color:black"><hr size="2" width="100%" align="center"></span></div><p class="MsoNormal"><span style="font-size:12.0pt;color:black">_______________________________________________<br>WSBAPT mailing list<br><a href="mailto:WSBAPT@lists.wsbarppt.com">WSBAPT@lists.wsbarppt.com</a><br><a href="http://mailman.fsr.com/mailman/listinfo/wsbapt">http://mailman.fsr.com/mailman/listinfo/wsbapt</a></span></p></div></div></div></div></body></html>