The treatment of various property types as resources is discussed 42 CFR § 416.1200. Other types of property that may be considered an available resource or transfer include:
- Mineral Rights
- Timber Rights
- Water Rights
- Life Estates
- Remainder Interests
The equity value of these properties is only excluded if the property:
- is a life estate or remainder interest
- is used in the course of a participant’s trade or business; or
- provides a 6% annual return on the equity value.
NOTE: A participant is assumed to have 100% equity value in these types of property unless the participant provides verification to the contrary. The 100% equity value amount is equal to the current market value.