Rhode Island § 40-8-3.1 § 40-8-3.1. Life estate in property — Retained powers.

Rhode Island Statutes

§ 40-8-3.1 — § 40-8-3.1. Life estate in property — Retained powers.

Rhode Island § 40-8-3.1

Title 40Human services

Ch. 40-8Medical Assistance

This text of Rhode Island § 40-8-3.1 (§ 40-8-3.1. Life estate in property — Retained powers.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 40-8-3.1 (2026).

Text

§ 40-8-3.1. Life estate in property — Retained powers.
When an applicant or recipient of Medicaid owns a life estate in property that is
            his or her principal place of residence with the reserved power and authority, during
            his or her lifetime, to sell, convey, mortgage, or otherwise dispose of the real property
            without the consent or joinder by the holder(s) of the remainder interest, the principal
            place of residence shall not be regarded as an excluded resource for the purpose of
            Medicaid eligibility, unless the applicant or recipient individually, or through his
            or her guardian, conservator, or attorney in fact, conveys all outstanding remainder
 

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§ 40-8-3.1. Life estate in property — Retained powers.

When an applicant or recipient of Medicaid owns a life estate in property that is his or her principal place of residence with the reserved power and authority, during his or her lifetime, to sell, convey, mortgage, or otherwise dispose of the real property without the consent or joinder by the holder(s) of the remainder interest, the principal place of residence shall not be regarded as an excluded resource for the purpose of Medicaid eligibility, unless the applicant or recipient individually, or through his or her guardian, conservator, or attorney in fact, conveys all outstanding remainder interest to him or herself.

An applicant or recipient who, by a deed created, executed and recorded on or before June 30, 2014, has reserved a life estate in property that is his or her principal place of residence with the reserved power and authority, during his or her lifetime, to sell, convey, mortgage, or otherwise dispose of the real property without the consent or joinder by the holder(s) of the remainder interest, shall not be ineligible for Medicaid on the basis of the deed, regardless of whether the transferee of the remainder interest is a person or persons, trust, or entity.