Ted and Joan Kramer are planning for Joan to enter a nursing home. The Kramers would like to apply for Medicaid benefits to pay for Joan's care, but they currently have assets of $290,000 in excess of the $2,000 that Joan is permitted to retain when qualifying for Medicaid. What should they do to spend down assets so Joan will be eligible immediately? Transfer $290,000 of assets to Ted, and Ted will buy a Medicaid-compliant annuity with any assets exceeding the community spouse's resource allowance. Transfer half of the $290,000 of excess assets to Ted, and Joan will use her half to buy a Medicaid-compliant annuity. Transfer the community spouse's resource allowance to Ted, and Ted will buy a Medicaid-compliant annuity. Transfer all of their assets to Ted, and Ted will use only the community spouse's resource allowance to buy a Medicaid-compliant annuity