CSA End-of-Life Planning 4

Question 1

A client wants to leave assets to a grandchild with a disability without disqualifying the grandchild from Medicaid. The best tool is:

Accepted Answer

A special needs trust (supplemental needs trust)

Answer

A special needs trust (supplemental needs trust) holds assets for a person with disabilities without counting them toward Medicaid or SSI asset limits.

Question 2

Which statement about a 'springing' durable power of attorney is accurate?

Accepted Answer

It takes effect only upon a triggering event such as incapacity

Answer

A springing power of attorney activates only when a specified condition—typically incapacity certified by a physician—is met.

Question 3

Under the Medicaid look-back period, asset transfers made within how many years prior to application may be scrutinized?

Accepted Answer

5 years

Answer

Medicaid uses a 60-month (5-year) look-back period to review asset transfers that may have been made to qualify for benefits.

Question 4

A senior's family is in conflict over whether to discontinue life support. Which hospital resource is best suited to mediate this ethical dispute?

Accepted Answer

Hospital ethics committee

Answer

Hospital ethics committees are specifically convened to provide guidance and mediation in difficult end-of-life and treatment decision conflicts.

Question 5

What distinguishes a 'testamentary trust' from a 'living trust'?

Accepted Answer

A testamentary trust is created through a will and takes effect at death; a living trust is established during life

Answer

A testamentary trust is established within a will and only comes into existence and is funded after the testator's death and probate, whereas a living (inter vivos) trust is created and can be funded during life.

Certified Senior Advisor Exam Practice Test

Certified Senior Advisor Exam Practice Test

CSA End-of-Life Planning 4