Page 190

CODE OF COLORADO REGULATIONS 10 CCR 2505-10 8.100 Medical Services Board

190 a. If real property is transferred into joint tenancy with right of survivorship with one or more joint tenants, the amount transferred depends on the number of joint tenants to whom the property is transferred. The following are examples: i) If the transfer is to one joint tenant, the amount transferred is equal to one-half of the value of the property at the time of the transfer. ii) If the transfer is to two joint tenants, the amount transferred is equal to two-thirds of the value. iii) If the transfer is to three joint tenants, the amount transferred is equal to three-fourths of the value of the property at the time of the transfer. b. If the transfer is completed with two deeds or transactions, the first of which transfers a fractional share of the property into tenancy in common, and the second into joint tenancy, the amount transferred shall be determined in the same manner as set forth above. 6. No period of ineligibility will be imposed if the individual transferred the assets under any of following circumstances: a. The asset transferred was a home and title to the home was transferred to: i) The spouse of such individual; ii) A child of such individual who is either 1) Under the age of 21 years, or 2) Is blind or totally and permanently disabled as determined by the Social Security Administration. iii) A brother or sister 1) Who has an equity interest in the home and