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Terms Used In Iowa Code 633.246A

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Property: includes both real and personal property. See Iowa Code 633.3
  • Surviving spouse: means the surviving wife or husband, as the case may be. See Iowa Code 633.3
 Unless precluded from doing so under the terms of a premarital agreement, the failure of a surviving spouse to make an election under this subchapter constitutes a transfer of assets for the purpose of determining eligibility for medical assistance pursuant to chapter 249A to the extent that the value received by making the election would have exceeded the value of property received absent the election.