The uncompensated value is the amount upon which the sanction is based. Annuity - An annuity is a type of trust. An individual pays an entity a lump sum of money in return for the right to receive fixed, periodic payments, either for life or a term of years. It includes the land the home sits on and all buildings and land contiguous to the home. See MA-2230, VII.A.1. and B. 2. for the definition of homesite when determining reserve eligibility.
Legal authorization requires a legal document or court action except for parents of minor children.
For questions or clarification on any of the policy contained in these manuals, please contact your local county office.