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 September 2, 2024
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 |
Age |
Remainder |
Age |
Remainder |
Age |
Remainder |
0 |
.02812 |
28 |
.03938 |
56 |
.20994 |
84 |
.63002 |
1 |
.01012 |
29 |
.04187 |
57 |
.22069 |
85 |
.64641 |
2 |
.00983 |
30 |
.04457 |
58 |
.23178 |
86 |
.66236 |
3 |
.00992 |
31 |
.04746 |
59 |
.24325 |
87 |
.67738 |
4 |
.01019 |
32 |
.05058 |
60 |
.25509 |
88 |
.69141 |
5 |
.01062 |
33 |
.05392 |
61 |
.26733 |
89 |
.70474 |
6 |
.01116 |
34 |
.05750 |
62 |
.27998 |
90 |
.71779 |
7 |
.01178 |
35 |
.06132 |
63 |
.29304 |
91 |
.73045 |
8 |
.01252 |
36 |
.06540 |
64 |
.30648 |
92 |
.74229 |
9 |
.01337 |
37 |
.06974 |
65 |
.32030 |
93 |
.75308 |
10 |
.01435 |
38 |
.07433 |
66 |
.33449 |
94 |
.76272 |
11 |
.01547 |
39 |
.07917 |
67 |
.34902 |
95 |
.77113 |
12 |
.01671 |
40 |
.08429 |
68 |
.36390 |
96 |
.77819 |
13 |
.01802 |
41 |
.08970 |
69 |
.37914 |
97 |
.78450 |
14 |
.01934 |
42 |
.09543 |
70 |
.39478 |
98 |
.79000 |
15 |
.02063 |
43 |
.10145 |
71 |
.41086 |
99 |
.79514 |
16 |
.02185 |
44 |
.10779 |
72 |
.42739 |
100 |
.80025 |
17 |
.02300 |
45 |
.11442 |
73 |
.44429 |
101 |
.80468 |
18 |
.02410 |
46 |
.12137 |
74 |
.46138 |
102 |
.80946 |
19 |
.02520 |
47 |
.12863 |
75 |
.47851 |
103 |
.81563 |
20 |
.02635 |
48 |
.13626 |
76 |
.49559 |
104 |
.82144 |
21 |
.02755 |
49 |
.14422 |
77 |
.51258 |
105 |
.83038 |
22 |
.02880 |
50 |
.15257 |
78 |
.52951 |
106 |
.84512 |
23 |
.03014 |
51 |
.16126 |
79 |
.54643 |
107 |
.86591 |
24 |
.03159 |
52 |
.17031 |
80 |
.56341 |
108 |
.89932 |
25 |
.03322 |
53 |
.17972 |
81 |
.58033 |
109 |
.95455 |
26 |
.03505 |
54 |
.18946 |
82 |
.59705 | ||
27 |
.03710 |
55 |
.19954 |
83 |
.61358 |
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 |
Age |
Life Estate |
Age |
Life Estate |
Age |
Life Estate |
0 |
.97188 |
28 |
.96062 |
56 |
.79006 |
84 |
.36998 |
1 |
.98988 |
29 |
.95813 |
57 |
.77391 |
85 |
.35359 |
2 |
.99017 |
30 |
.95543 |
58 |
.76822 |
86 |
.33764 |
3 |
.99008 |
31 |
.95254 |
59 |
.75675 |
87 |
.32262 |
4 |
.98981 |
32 |
.94942 |
60 |
.74491 |
88 |
.30859 |
5 |
.98938 |
33 |
.94608 |
61 |
.73267 |
89 |
.29526 |
6 |
.98884 |
34 |
.94250 |
62 |
.72002 |
90 |
.28221 |
7 |
.98822 |
35 |
.93868 |
63 |
.70696 |
91 |
.26955 |
8 |
.98748 |
36 |
.93460 |
64 |
.69352 |
92 |
.25771 |
9 |
.98663 |
37 |
.93026 |
65 |
67970 |
93 |
.24692 |
10 |
.98565 |
38 |
.92567 |
66 |
.66551 |
94 |
.23728 |
11 |
.98453 |
39 |
.92083 |
67 |
.65098 |
95 |
.22887 |
12 |
.98359 |
40 |
.91571 |
68 |
.63610 |
96 |
.22181 |
13 |
.98198 |
41 |
.91030 |
69 |
.62086 |
97 |
.21550 |
14 |
.98066 |
42 |
.90457 |
70 |
.60522 |
98 |
.21000 |
15 |
.97937 |
43 |
.89855 |
71 |
.58914 |
99 |
.20486 |
16 |
.97815 |
44 |
.89221 |
72 |
.57261 |
100 |
.19975 |
17 |
.97700 |
45 |
.88558 |
73 |
.55571 |
101 |
.19532 |
18 |
.97590 |
46 |
.87863 |
74 |
.53862 |
102 |
.19054 |
19 |
.97480 |
47 |
.87137 |
75 |
.52149 |
103 |
.18437 |
20 |
.97365 |
48 |
.86374 |
76 |
.50441 |
104 |
.17856 |
21 |
.97425 |
49 |
.85578 |
77 |
.48742 |
105 |
.16962 |
22 |
.97120 |
50 |
.83743 |
78 |
.47049 |
106 |
.15488 |
23 |
.96986 |
51 |
.83674 |
79 |
.45357 |
107 |
.13409 |
24 |
.96841 |
52 |
.82969 |
80 |
.43659 |
108 |
.10068 |
25 |
.96678 |
53 |
.82028 |
81 |
.41967 |
109 |
.04545 |
26 |
.96495 |
54 |
.81054 |
82 |
.40295 | ||
27 |
.96290 |
55 |
.80046 |
83 |
.38642 |
Effective July 1, 2024