469 NAC 2-009.07B8
The owner of a life estate in real property is generally unable to sell the property. Therefore, the worker must include the net income from the life estate in the budget rather than considering the life estate as an available resource. If the owner of a life estate transfers it to another individual, the worker must determine if it is deprivation of a resource (see 469 NAC 2-009.10). If the life estate is sold, the proceed is counted as a resource. See 469-000-208 for the Life Estate Interest Table.
It is a disposal of assets to purchase a life estate interest in another individual's home unless the purchaser resides in the home for at least 12 months after the date of purchase.