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West Virginia Income Maintenance Manual Acronyms, Forms, and Glossary

West Virginia Income Maintenance Manual Page 63

Acronyms, Forms, and Glossary

Term Definition Chapter (s) other similar entities managed by an individual or entity with fiduciary obligations. Trust Fund A legal vehicle which allows money to be held by one individual (the trustee) for the benefit of another (the beneficiary). 4 Trustee Person or institution which holds legal title to property for the benefit or use of another. 5 Two-Parent Family (WV WORKS) In a two-parent family, for these purposes only, neither parent is incapacitated or disabled according to the Social Security Administration (SSA) definition, and the family meets one of the following criteria: • There are two natural or adoptive parents, who are Work- Eligible Individuals, of the same minor child living in the home and included in the same WV WORKS payment. • There are two parents with a common child living together and one or both is excluded from the WV WORKS payment unless the exclusion is due to one of the following reasons: o Minor parent who is not the head-of-household; o Ineligible noncitizen due to immigration status; or o SSI recipient. 18 Uncompensated Value For Chapter 5, uncompensated value is the CMV, less any outstanding loans, mortgages or other encumbrances on the asset, minus the amount of compensation received by the AG. 5 Uncompensated Value For long term care, the uncompensated value is the difference between the FMV at the time of transfer (less any outstanding loans, mortgages, or other encumbrances on the resource) and the amount received for the resource. 24 Undocumented Noncitizen A noncitizen in the U.S. without proper documentation. He is in violation of U.S. immigration law. (See also the definition for illegal noncitizen for a broader explanation of unauthorized noncitizens in the U.S.). 15 Undue Hardship Applies to Medicaid LTC groups only. This condition exists with the application of one or more of the following asset policies: • Excessive home equity; 5