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• The applicant/recipient’s spouse (or to another for the sole benefit of the spouse), or • The applicant's/recipient's child who is blind or disabled, according to SSI criteria, or to a trust fund for such a child • The assets were transferred to a trust established solely for the benefit of an individual under sixty-five (65) years of age who is disabled.86 Additionally, the transfer of a home to certain individuals as explained in Section 2640.10.15.05 is allowable. Transfers on and after 8-11-93, to certain types of trust funds, as defined in section 2615.75.15, for disabled individuals are allowable. 2640.10.15.05 TRANSFERS OF HOMES AND INCOME-PRODUCING REAL PROPERTY (MED) There is no transfer of property penalty if a home, as defined in section 2620.15.10, is transferred to any of the following: • A spouse • Children under age 21 of the applicant/recipient • Blind or disabled (according to SSI criteria) children of the applicant/recipient • A sibling of the applicant/recipient who has equity interest in the home and who was residing in the home for at least one year prior to the individual's nursing facility admission • A child of the applicant/recipient who was living in the home at least two years prior to the individual's admission to the nursing facility and who provided care that was necessary to permit the individual to remain at home rather than be institutionalized. In these situations, documentation of the individual's condition and the extent of care provided by the child is required in the case record. An individual who transfers their home to a person not specified above remains subject to a transfer of property penalty. For transfers of income-producing real property on and after 7-1-03, the following rules apply: • $6,000 of the equity value can be transferred without penalty if the property produces at least $360 a year in income.87 The uncompensated value is the equity over $6,000. If the property does not produce at least $360 per year in income, the entire equity is the uncompensated value. The transfer of the income must be evaluated based on the fair market value of the income in accordance with Section 2640.10.25.20. • If the real property has equity of less than $6,000, the property can be transferred without penalty if it produces income that is at least 6% of the equity value. If it produces income that is less than 6% of the equity, the entire equity is the uncompensated value. Refer to Section 2640.10.25.20 regarding transfer of the income. The $6,000 transfer exemption is a single, one- time exemption that applies to the total value of all income-producing real property transferred