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17.2.7.17 Irrevocable Trusts Created Prior to the Look Back Period: Payments Made to Anyone Other Than Institutionalized Person ................................................................................................. 248 17.2.7.18 Trusts for Disabled Individuals Established or Funded After the Beneficiary Turns 65 .... 248 17.2.7.19 Irrevocably Assigned Life Insurance Funded Burial Contracts With a Remaining Cash Surrender Value ................................................................................................................................ 248 17.2.7.20 Irrevocably Assigned Life Insurance Funded Burial Contracts With a Face Value That Exceeds the Statement of Funeral Goods and Services .................................................................... 248 17.2.7.21 Unregulated Gambling Losses .......................................................................................... 249 17.2.7.22 Voluntary Foreclosure or Repossession ............................................................................ 249 17.2.7.23 Homestead Property ......................................................................................................... 249 17.2.7.24 Jointly Held Assets and Value of the Asset Is Transferred ................................................ 249 17.2.7.25 Adding Someone as an Additional Owner of an Asset ..................................................... 249 17.3 Penalty Period ................................................................................................................................... 250 17.3.1 Penalty Period Introduction ....................................................................................................... 250 17.3.1.1 Institutions and the Penalty Period .................................................................................... 250 17.3.1.2 Community Waivers Programs and the Penalty Period ..................................................... 250 17.3.2 Calculating the Penalty Period ................................................................................................... 251 17.3.2.1 Multiple Divestments During the Look Back Period ........................................................... 251 17.3.2.2 Multiple Divestments Occurring in Different Months ........................................................ 251 17.3.2.3 Multiple Divestments Occurring in the Same Month ......................................................... 251 17.3.3 Penalty Period Begin Date for Applicants .................................................................................. 251 17.3.4 Penalty Period Begin Date for Members ................................................................................... 252 17.3.5 Curing a Divestment ................................................................................................................... 252 17.3.5.1 Curing Multiple Divestments Occurring in the Look Back Period ....................................... 253 17.3.5.2 Curing Multiple Divestments Occurring in the Same Month .............................................. 253 17.3.5.3 No Partial Cure .................................................................................................................... 253 17.3.6 Divestments During a Penalty Period ........................................................................................ 253 17.3.7 Changing Divestment Penalty Periods ....................................................................................... 253 17.3.8 Both Spouses Institutionalized ................................................................................................... 254 17.4 Reserved............................................................................................................................................ 254 17.5 Reserved............................................................................................................................................ 254 17.6 Reserved............................................................................................................................................ 254 17.7 Reserved............................................................................................................................................ 255 17.8 Reserved............................................................................................................................................ 255 17.9 Reserved............................................................................................................................................ 255 17.10 Reserved ......................................................................................................................................... 255