Annuities, trusts, and life estates

See how annuities affect eligibility for information on how annuities, trusts, and life estates affect SSI-related and LTC eligibility.

View definitions related to trusts, annuities and life estates .

Use the Individual Annuity (Life Expectancy) Tables in Appendix IV to determine whether annuity payments will exceed a time frame based on the actuarial life expectancy of the individual. If they do, establish a period of ineligibility described in the transfer of asset section.

Determine whether a life estate can be excluded as a resource. If not, determine its value as a nonexcluded resource by using Appendix II - Determining the Value of Life Estates. If the life estate is jointly owned, divide the value by the number of joint owners to determine the individual’s share.