Idaho Administrative Code › Title IDAPA 16 - Health and Welfare, Department of › Rule 16.03.05 - ELIGIBILITY FOR AID TO THE AGED, BLIND, AND DISABLED › Section 16.03.05.837 - LIFE ESTATE AS ASSET TRANSFER

Current through August 31, 2023
01.
Transfer
			 of a Remainder Interest
. When a life estate in real property is retained
			 by an individual, and a remainder interest in the property is transferred
			 during the look-back period for less than the fair market value of the
			 remainder interest transferred, the value of the uncompensated remainder is
			 subject to the asset transfer penalty as described in Sections
			 831 through
			 835 of these rules. To compute the
			 value of the life estate remainder, multiply the fair market value of the real
			 property at the time of transfer by the remainder factor for the participant's
			 age at the time of transfer listed in the following table:
TABLE 837.01 - REMAINDER
						  TABLE
Age
Remainder
0
.02812
1
.01012
2
.00983
3
.00992
4
.01019
5
.01062
6
.01116
7
.01178
8
.01252
9
.01337
10
.01435
11
.01547
12
.01671
13
.01802
14
.01934
15
.02063
16
.02185
17
.02300
18
.02410
19
.02520
20
.02635
21
.02755
22
.02880
23
.03014
24
.03159
25
.03322
26
.03505
27
.03710
28
.03938
29
.04187
30
.04457
31
.04746
32
.05058
33
.05392
34
.05750
35
.06132
36
.06540
37
.06974
38
.07433
39
.07917
40
.08429
41
.08970
42
.09543
43
.10145
44
.10779
45
.11442
46
.12137
47
.12863
48
.13626
49
.14422
50
.15257
51
.16126
52
.17031
53
.17972
54
.18946
55
.19954
56
.20994
57
.22069
58
.23178
59
.24325
60
.25509
61
.26733
62
.27998
63
.29304
64
.30648
65
.32030
66
.33449
67
.34902
68
.36390
69
.37914
70
.39478
71
.41086
72
.42739
73
.44429
74
.46138
75
.47851
76
.49559
77
.51258
78
.52951
79
.54643
80
.56341
81
.58033
82
.59705
83
.61358
84
.63002
85
.64641
86
.66236
87
.67738
88
.69141
89
.70474
90
.71779
91
.73045
92
.74229
93
.75308
94
.76272
95
.77113
96
.77819
97
.78450
98
.79000
99
.79514
100
.80025
101
.80468
102
.80946
103
.81563
104
.82144
105
.83038
106
.84512
107
.86591
108
.89932
109
.95455
(3-17-22)
02.
Transfer of a Life Estate
.
			 When a life estate in real property is transferred by an individual during the
			 look-back period for less than fair market value, the value of the life estate
			 is subject to the asset transfer penalty as described in Sections
			 831 and
			 835 of these rules. To compute the
			 value of the life estate, multiply the fair market value of the real property
			 at the time of transfer by the life estate factor for the participant's age at
			 the time of transfer listed in the following table:
TABLE 837.02 - LIFE ESTATE
						  TABLE
Age
Life Estate
0
.97188
1
.98988
2
.99017
3
.99008
4
.98981
5
.98938
6
.98884
7
.98822
8
.98748
9
.98663
10
.98565
11
.98453
12
.98359
13
.98198
14
.98066
15
.97937
16
.97815
17
.97700
18
.97590
19
.97480
20
.97365
21
.97425
22
.97120
23
.96986
24
.96841
25
.96678
26
.96495
27
.96290
28
.96062
29
.95813
30
.95543
31
.95254
32
.94942
33
.94608
34
.94250
35
.93868
36
.93460
37
.93026
38
.92567
39
.92083
40
.91571
41
.91030
42
.90457
43
.89855
44
.89221
45
.88558
46
.87863
47
.87137
48
.86374
49
.85578
50
.83743
51
.83674
52
.82969
53
.82028
54
.81054
55
.80046
56
.79006
57
.77391
58
.76822
59
.75675
60
.74491
61
.73267
62
.72002
63
.70696
64
.69352
65
67970
66
.66551
67
.65098
68
.63610
69
.62086
70
.60522
71
.58914
72
.57261
73
.55571
74
.53862
75
.52149
76
.50441
77
.48742
78
.47049
79
.45357
80
.43659
81
.41967
82
.40295
83
.38642
84
.36998
85
.35359
86
.33764
87
.32262
88
.30859
89
.29526
90
.28221
91
.26955
92
.25771
93
.24692
94
.23728
95
.22887
96
.22181
97
.21550
98
.21000
99
.20486
100
.19975
101
.19532
102
.19054
103
.18437
104
.17856
105
.16962
106
.15488
107
.13409
108
.10068
109
.04545
(3-17-22)