Assessment of transfer penalty on sale of life estate affirmed. Conservators sold life estate for $1,500, then sold the applicant’s home for $55,000 after putting $13,397 into repairing the home. A transfer of resource penalty was assessed because the life estate interest was .58914 percent of the home value, which is well below $1,500. On appeal, assessment of the penalty was affirmed, but the penalty was recalculated to deduct the $13,397 paid by the conservators.
OSAH-Franklin-Gatto-12-2008.pdf (December 15, 2008).
A transfer of a life estate “is for less than fair market value whenever the value of the transferred asset is greater than the value of the rights conferred by the life estate.” Centers for Medicare & Medicaid Services, State Medicaid Manual § 3258.9 (emphasis added).
Compensation of the Conservator is generally addressed at O.C.G.A. § 29-5-50. There, the Code provides:…
Researchers use generational cohorts to identify and analyze changing views over time. A typical generation…
Valid Reasons for an Involuntary Nursing Home Discharge One thing that strikes fear in the…
As of April 1, 2026, the Georgia Medicaid penalty divisor will increase from $10,798 to…
How do nursing homes get paid? Sick people go to nursing homes and sick people…
Some Medicaid classes of assistance do not require verification, but most long-term care classes of…