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<p class="MsoNormal"><a name="_GoBack"></a><span style="color:#1F497D">Andrew:<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D">Disclaimer is a gift under Medicaid rules. Sorry I don’t have the cite handy. If she is under the age of 65, a self-settled d4A (Medicaid payback) trust will work. With the TEDRA, risk Medicaid asserting it
was a gift. Honestly, the Trust works really well because the assets can be spent over time. Unless it is a huge amount, there is usually no payback because the assets are spent down. I just got done with a client administering one of these trusts and there
was $50 left.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal" style="text-align:justify"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Marcus J. Fry<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D">Lyon, Weigand & Gustafson, P.S.
<br>
<br>
</span><span style="font-size:10.0pt;font-family:"Arial","sans-serif";color:#1F497D"><o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> wsbapt-bounces@lists.wsbarppt.com [mailto:wsbapt-bounces@lists.wsbarppt.com]
<b>On Behalf Of </b>Andrew Hay<br>
<b>Sent:</b> Tuesday, February 23, 2021 11:10 AM<br>
<b>To:</b> WSBA Probate & Trust Listserv<br>
<b>Subject:</b> [WSBAPT] Thanks but no thanks ..<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Listmates<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">I have an estate where a nonprobate checking/savings account is divided 4 ways among the decedents 4 children. One of the children– the only daughter -- is physically disabled receiving Medicaid and social security benefits. There is
a fair amount of money involved. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Under the will the daughter’s 25% goes outright to her long time partner (not married) – no trust is involved – he is the beneficiary. The will, however, does not have language that would supersede the beneficiary designations on the account.
The 4 kids had expected this account would go through the estate but mom and dad named the 4 of them as beneficiaries on the account and now the bank wants to send the 25% to each of them.<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Family wants to get this account back into the estate or have daughter to disclaim her 25%. Or somehow avoid daughter losing benefits.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Options? <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Can she disclaim a nonprobate asset?<o:p></o:p></p>
<p class="MsoNormal">Does SSA or Medicaid look fondly on disclaimers?<o:p></o:p></p>
<p class="MsoNormal">Can the family do a TEDRA agreement to work around this?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b><span style="font-family:"Berlin Sans FB","sans-serif"">Andrew Hay<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-family:"Berlin Sans FB","sans-serif"">Hay & Swann PLLC<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Berlin Sans FB","sans-serif"">201 S. 34<sup>th</sup> St.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Berlin Sans FB","sans-serif"">Tacoma, WA 98418<o:p></o:p></span></p>
<p class="MsoNormal"><i><span style="font-family:"Berlin Sans FB","sans-serif""><a href="http://www.washingtonlaw.net/">www.washingtonlaw.net</a><o:p></o:p></span></i></p>
<p class="MsoNormal"><i><span style="font-family:"Berlin Sans FB","sans-serif""><a href="mailto:andrewhay@washingtonlaw.net">andrewhay@washingtonlaw.net</a><o:p></o:p></span></i></p>
<p class="MsoNormal"><span style="font-family:"Berlin Sans FB","sans-serif"">253.272.2400 (w)<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Berlin Sans FB","sans-serif"">253.377.3085 (c)<o:p></o:p></span></p>
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