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E.3 Life Estate and Remainder Interest Table

Effective 10/1/10

This worker guide is not policy. It is intended to help workers with life estate calculations in the determination of transfers for less than fair market value. Refer to rule 461-145-0310.

Example

Sara, age 65, owns a home worth $100,000 and deeds the house to her son, but retains a life estate interest. Under the terms of the life estate, Sara is entitled to live in the house for the rest of her life and to receive any income the home may generate.

To determine the uncompensated value:

The current market value of the property ($100,000) is multiplied by a life estate factor corresponding to Client A's age in the table listed below (.67970), resulting in a life estate worth $67,970.
The difference between the value of the resource transferred ($100,000) and the value of the life estate ($67,970) equals $32,030 of resources transferred for less than fair market value.
Divide the $32,030 by one of the following to to arrive at the number of months the client will be disqualified:
- For an application filed prior to October 1, 2000—$3,320.
- For an application filed on or after October 1, 2000 and prior to October 1, 2002—$3,750.
- For an application filed on or after October 1, 2002 and prior to October 1, 2004 —$4,300 .
- For an application filed on or after October 1, 2004—$4,700 and prior to October 1, 2006—$4,700
- For an application filed on or after October 1, 2006 and prior to October 1, 2008—$5,360
- For an application filed on or after October 1, 2008 and prior to October 1, 2010—$6,494
- If the initial application is on or after October 1, 2010-$7,663

Sara will be disqualifed between 9 months months and 4.17 months depending on when the transfer occurred.($32,030 divided by $3320=9 months (rounded) and $32,020 divided by $7663=4.17 months (no rounding).

Determining Uncompensated Value: 461-140-0250
Disqualification: 461-140-0296

Life Estate and Remainder Interest Table

Age	Life Estate	Remainder
0	.97188	.02812
1	.98988	.01012
2	.99017	.00983
3	.99008	.00992
4	.98981	.01019
5	.98938	.01062
6	.98884	.01116
7	.98822	.01178
8	.98748	.01252
9	.98663	.01337
10	.98565	.01435
11	.98453	.01547
12	.98329	.01671
13	.98198	.01802
14	.98066	.01934
15	.97937	.02063
16	.97815	.02185
17	.97700	.02300.
18	.97590	.02410
19	.97480	.02520
20	.97365	.02635
21	.97245	.02755
22	.97120	.02880
23	.96986	.03014
24	.96841	.03159
25	.96678	.03322
26	.96495	.03505
27	.96290	.03710
28	.96062	.03938
29	.95813	.04187
30	.95543	.04457
31	.95254	.04746
32	.94942	.05058
33	.94608	.05392
34	.94250	.05750
35	.93868	.06132
36	.93460	.06540
37	.93026	.06974
38	.92567	.07433
39	.92083	.07917
40	.91571	.08429
41	.91030	.08970
42	.90457	.09543
43	.89855	.10145
44	.89221	.10779
45	.88558	.11442
46	.87863	.12137
47	.87137	.12863
48	.86374	.13626
49	.85578	.14422
50	.84743	.15257
51	.83674	.16126
52	.82969	.17031
53	.82028	.17972
54	.81054	.18946
55	.80046	.19954
56	.79006	.20994
57	.77931	.22069
58	.76822	.23178
59	.75675	.24325
60	.74491	.25509
61	.73267	.26733
62	.72002	.27998
63	.70696	.29304
64	.69352	.30648
65	.67970	.32030
66	.66551	.33449
67	.65098	.34902
68	.63610	.36390
69	.62086	.37914
70	.60522	.39478
71	.58914	.41086
72	.57261	.42739
73	.55571	.44429
74	.53862	.46138
75	.52149	.47851
76	.50441	.49559
77	.48742	.51258
78	.47049	.52951
79	.45357	.54643
80	.43659	.56341
81	.41967	.58033
82	.40295	.59705
83	.38642	.61358
84	.36998	.63002
85	.35359	.64641
86	.33764	.66236
87	.32262	.67738
88	.30859	.69141
89	.29526	.70474
90	.28221	.71779
91	.26955	.73045
92	.25771	.74229
93	.24692	.75308
94	.23728	.76272
95	.22887	.77113
96	.22181	.77819
97	.21550	.78450
98	.21000	.79000
99	.20486	.79514
100	.19975	.80025
101	.19532	.80468
102	.19054	.80946
103	.18437	.81563
104	.17856	.82144
105	.16962	.83038
106	.15488	.84512
107	.13409	.86591
108	.10068	.89932
109	.04545	.95455

If you have a disability and need a document on this Web site to be provided to you in another format, please contact the Office of Document Mangement (ODM) at 503-378-3486 or by e-mail at dhs.forms@state.or.us.

If you have questions about DHS or problems getting DHS services, send e-mail to dhs.info@state.or.us. If you have comments about this site, send e-mail to spd.web@state.or.us.

SPD Worker Guide

E.3 Life Estate and Remainder Interest Table

Effective 10/1/10

If you have a disability and need a document on this Web site to be provided to you in another format, please contact the Office of Document Mangement (ODM) at 503-378-3486 or by e-mail at dhs.forms@state.or.us.

If you have questions about DHS or problems getting DHS services, send e-mail to dhs.info@state.or.us. If you have comments about this site, send e-mail to spd.web@state.or.us.

Oregon Department of Human Services 500 Summer St. NE E02, Salem, OR 97301-1073 Phone: (503) 945-5811 Toll-free: (800) 282-8096 (V/TTY)

Oregon Department of Human Services
500 Summer St. NE E02, Salem, OR 97301-1073
Phone: (503) 945-5811
Toll-free: (800) 282-8096 (V/TTY)