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Joint tenancy with rights of survivorship (JTWROS) is a type of account that is owned by at least two people. In this arrangement, tenants have an equal right to the account's assets. They are also afforded survivorship rights in the event of the death of another account holder.
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Joint account with right of survivorship as I understand it makes this account entirely yours upon the death of the other holder. You should check this with both your bank; I advise collecting this money with the required death certificate at once. If medicaid makes any claims on this money would would know soon enough. In all likelihood you would then be responsible for remanding 1/2 the value of the account to medicaid.
I would check with the bank and with a Trust and Estate attorney. If this holds any amount of money then the 350.00 you will pay an attorney for this advice is cheap at that.
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Just thinking, when Medicaid is involved any bank account with the recipients name on it is the recipients unless you can prove otherwise. The recipient is only allowed 2k in assets. That should be the only account the recipient has. Medicaid will not come after that account. That 2k becomes part of the persons estate as does the Personal Needs Acct if in a NH. Both monies belong to the recipient and Medicaid will not recoup on them.

So, if this is the only account the recipient has, and its the 2k or less, it goes to the survivor as written. When you get a letter asking if there are any assets (a house now becomes an asset after death) you just say no unless there is a house.
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In our state, 100% cash remaining within the snf resident's personal/monthly savings at the residential facility itself was transferred to the state.

Spouses immediately received a notice of estate recovery. The first step was to close the bank account (minus any monthly fee or closing fees required by the bank). The notice demanded a check for the balance in the account.
If the account had less than $2,000.00 remaining, an explanation was required as to why less was written to the state.

If there is real property involved, JTWROS makes a big difference in what and how much the survivor is allowed to keep. It's worth seeing an attorney who knows the laws in your state.
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