1030.000.00 Available Resources (OAA and PTD)

1030.027.35 Remainder Interests

IM-22 February 7, 2019

When the owner of property gives it to one party in the form of a life estate, and designates a second party to inherit it upon the death of the life estate holder, the second party has a remainder interest in the property.

For more information on remainder interests, refer to 1030.040.00 Distribution of Estate of Deceased Person and 1040.020.30 Determining Fair and Valuable Consideration.