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whether or not a life estate interest was retained, evaluate to determine if the a/b or the a/b’s spouse received compensation at least equal to current market value of the transferred remainder interest in real property.

E. Tenancy-in-Common Interest

1. When the a/b, or the a/b’s spouse obtains a tenancy-in-common interest in real property, determine if the current market value of the tenancy-in-common interest is at least equal to value of resources given by the a/b, or the a/b’s spouse.

a. Determine the value of the tenancy-in-common interest on the date it is obtained. Multiply the tax value of the property at the time of transfer by the tenancy-in- common interest in the property.

b. Multiply the amount of encumbrance on the property by the tenancy-in- common interest and subtract this amount from the value determined in a. above. The result is the current market value of the tenancy-in-common interest. c. If the current market value of the tenancy-in-common interest is less than the value of the compensation given by the a/b, or a/b’s spouse, this is an uncompensated transfer.

d. The date of transfer is the date the tenancy-in-common interest is obtained. 2. When the a/b, or the a/b’s spouse transfers a tenancy-in-common interest in real property, determine if the value of compensation received is at least equal to current market value of the tenancy-in-common interest in real property.

a. Determine the value of the tenancy-in-common interest on the date of transfer. Multiply the tax value of the property at the time of transfer by the tenancy-in-common interest in the property.

b. Multiply the amount of encumbrance on the property by the tenancy-in- common interest in the property and subtract this amount from the value determined in a. above. The result is the current market value.

c. If the current market value of the tenancy-in-common interest is more than the value of the compensation received, this is an uncompensated transfer.

d. The date of transfer is the date the tenancy-in-common was transferred.

3. When the a/b, or a/b’s spouse changes ownership interest in property from fee simple or tenancy-by-the-entirety to tenancy-in- common interest, evaluate for a transfer of assets.

a. The uncompensated value is the equity in the tenancy-in-common interest, less any compensation received.

b. For Medicaid eligibility purposes, encumbrances on real property that is held

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E. Tenancy-in-Common Interest

a. Determine the value of the tenancy-in-common interest on the date it is obtained. Multiply the tax value of the property at the time of transfer by the tenancy-in- common interest in the property.

a. Determine the value of the tenancy-in-common interest on the date of transfer. Multiply the tax value of the property at the time of transfer by the tenancy-in-common interest in the property.

c. If the current market value of the tenancy-in-common interest is more than the value of the compensation received, this is an uncompensated transfer.

d. The date of transfer is the date the tenancy-in-common was transferred.

3. When the a/b, or a/b’s spouse changes ownership interest in property from fee simple or tenancy-by-the-entirety to tenancy-in- common interest, evaluate for a transfer of assets.

a. The uncompensated value is the equity in the tenancy-in-common interest, less any compensation received.

b. For Medicaid eligibility purposes, encumbrances on real property that is held