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Official source

DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI RESOURCE TRANSFERS 11/18 CHAPTER G PAGE 16 AGE MALE Years of Life Remaining FEMALE Years of Life Remaining AGE MALE Years of Life Remaining FEMALE Years of Life Remaining 68 15.61 17.95 88 4.68 5.57 69 14.92 17.18 89 4.34 5.17 70 14.24 16.43 90 4.03 4.80 71 -13.57 15.68 95 2.82 3.34 72 12.92 14.95 100 2.12 2.45 73 12.27 14.23 110 2 15

9.5. Assumption Of A Legal Debt Value compensation when an assumption of the transferor's legal debt is made at the outstanding principal amount at the time of the assumption. Interest payments are not compensation. Example: The individual had ownership interest in a piece of real property with a current market value of $12,000. The individual had equity of $2,000 and owed $10,000. The individual alleges that he could not keep up the payments and transferred title to the property to his brother in exchange for his brother assuming responsibility for the real estate contract. The value of the compensation received is $10,000 which is the amount of the outstanding debt. The uncompensated value is $2,000—the difference between the CMV and the outstanding debt.

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Page 19

Official source

DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI RESOURCE TRANSFERS 11/18 CHAPTER G PAGE 16 AGE MALE Years of Life Remaining FEMALE Years of Life Remaining AGE MALE Years of Life Remaining FEMALE Years of Life Remaining 68 15.61 17.95 88 4.68 5.57 69 14.92 17.18 89 4.34 5.17 70 14.24 16.43 90 4.03 4.80 71 -13.57 15.68 95 2.82 3.34 72 12.92 14.95 100 2.12 2.45 73 12.27 14.23 110 2 15

9.5. Assumption Of A Legal Debt Value compensation when an assumption of the transferor's legal debt is made at the outstanding principal amount at the time of the assumption. Interest payments are not compensation. Example: The individual had ownership interest in a piece of real property with a current market value of $12,000. The individual had equity of $2,000 and owed $10,000. The individual alleges that he could not keep up the payments and transferred title to the property to his brother in exchange for his brother assuming responsibility for the real estate contract. The value of the compensation received is $10,000 which is the amount of the outstanding debt. The uncompensated value is $2,000—the difference between the CMV and the outstanding debt.