loading…
loading…
(a) “Temporary absence” means “temporary absence” as defined in RSA 167:78, XXIV, namely “any assistance group member who is temporarily away from the home for, but not limited to, the following reasons: school attendance, vacation, illness, or work.”
(b) “Termination” means the discontinuance of assistance or benefits received by an individual or AG when the conditions of eligibility for receipt of such assistance are no longer met.
(c) “Title IV-D requirements (IV-D)” means the assignment of rights to medical support and cooperation in establishing paternity and obtaining support as a condition of eligibility for medical assistance, as established under 42 USC 608.
(d) “Trust” means any arrangement in which a grantor transfers property to a trustee(s) with the intention that it be held, managed, or administered by the trustee(s) for the benefit of the grantor or certain designated beneficiaries, which is valid under state law and manifested by a valid trust instrument or agreement, and where the trustee(s) hold a fiduciary responsibility to manage the trust's corpus and income for the benefit of the beneficiaries.
(e) “Trustee” means any individual, individuals, or entity, such as an insurance company or bank, who manage a trust, or similar device, and who has fiduciary responsibilities.
(f) “Uncompensated value” means the difference between the fair market value at the time of transfer, less any outstanding loans, mortgages, or other financial claims against the asset, and the amount received for the asset.