December 1973 Eligibility Requirements Manual

1030.027.35 REMAINDER INTERESTS

IM-22 February 07, 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.