A Medicaid Qualifying Annuity used in elder law planning must meet which requirement to avoid being counted as a transfer for less than fair market value?
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A
It must be irrevocable, non-assignable, actuarially sound, and name the state as remainder beneficiary
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B
It must be purchased at least 60 months before application
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C
It must pay income only to the institutionalized spouse
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D
It must be managed by a bank trust department