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Aged, Blind and Disabled Manual Policy Manual Number: 110.050 Section: Financial Eligibility Requirements Chapter: ABD Countable and Excluded Resources

September 1, 2026 Division of TennCare 40 1. Countable Value

The equity value in all real property the individual owns individually or jointly is a countable asset with the following exceptions:

• Property excluded as homestead; • The inaccessible equity value of real property; • Equity value of income producing property (subject to the Rate of Return test); and • Real property necessary for the production of earned income (see the Business or Self-Employment resource characteristic).

2. Ownership by Title

a. Ownership Types

Sole Ownership: Individual is the only person who owns the property and its sale or transfer is not subject to the approval of others.

Tenancy-in-Common: Each owner has an undivided interest in the whole property and can sell his own interest without the consent of the other owner(s). Upon the individual owner’s death, his share passes directly to his heir(s).

Joint Tenancy: Each owner holds an individual interest in the whole property and can sell her interest at any time without the consent of the other owner(s). If specifically stated in the deed, the interest of one owner upon her death will automatically pass to the other owner. This is the “right of survivorship.”

Tenancy by the Entirety: This form of ownership can exist only between individuals validly married to each other. Any real property held jointly between a husband and wife is held as “tenants by the entirety” unless the deed explicitly states otherwise. The owners are treated as if they were one entity, requiring the consent of both owners before any