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17.2.6.3 Divestment by the Community Spouse After Five Years .................................................... 236 17.2.6.4 Divorce or Separation Action .............................................................................................. 236 17.2.6.5 Involuntary Loss of Property ............................................................................................... 237 17.2.6.6 Intent To Sell for Fair Market Value (FMV) ......................................................................... 237 17.2.6.7 Undue Hardship Request Is Granted .................................................................................. 237 17.2.6.8 Transfer of Homestead Property ........................................................................................ 237 17.2.6.9 Transfer of Assets to Spouse or Blind or Disabled Children ............................................... 237 17.2.6.10 Certain Payments to Relatives for Services Provided ....................................................... 238 17.2.6.11 Payments to Relatives While the Institutionalized Person Did Not Receive Room and Board ................................................................................................................................................. 238 17.2.6.12 Trusts Established by a Will .............................................................................................. 239 17.2.6.13 Regulated Gambling Losses .............................................................................................. 239 17.2.6.14 Irrevocable Annuities ........................................................................................................ 239 17.2.6.15 Promissory Notes, Loans, Land Contracts, and Mortgages .............................................. 240 17.2.7 Divestments That Are Not Allowed and Result in a Penalty Period .......................................... 241 17.2.7.1 Transfer for Less Than Fair Market Value (FMV) ................................................................ 241 17.2.7.2 Making an Asset Unavailable .............................................................................................. 241 17.2.7.3 Refusal To Claim .................................................................................................................. 241 17.2.7.4 Avoiding Receipt ................................................................................................................. 242 17.2.7.5 Payments for Services Provided by the Relative ................................................................ 242 17.2.7.6 Room and Board ................................................................................................................. 242 17.2.7.7 Community Spouse Divestment That Impacts the Institutionalized Person ...................... 243 17.2.7.8 Transfer of Income in the Month of Receipt ...................................................................... 243 17.2.7.9 Transfer of the Right To Receive Income ............................................................................ 243 17.2.7.10 Life Estate – Transferring the Property for Less Than FMV .............................................. 243 17.2.7.11 Life Estate – Divestment by Joint Owners ........................................................................ 244 17.2.7.12 Life Estate – Termination and Payment of Less than FMV ............................................... 244 17.2.7.13 Life Estate – Divestment by the Remainder Person ......................................................... 245 17.2.7.14 Purchase of a Life Estate in the Home of Another Person ................................................ 245 17.2.7.14.1 Couple Holds Life Estate in Another Person’s Home ................................................. 245 17.2.7.14.2 Residence Requirement ............................................................................................. 245 17.2.7.14.3 Life Estate FMV When Purchased From Another Person’s Home ............................. 246 17.2.7.15 Revocable Trusts ............................................................................................................... 247 17.2.7.16 Irrevocable Trusts Assigned or Created During or After the Look Back Period ................ 247