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Minnesota Legislature

Office of the Revisor of Statutes

256B.17 TRANSFERS OF PROPERTY.

Subdivision 1.

[Repealed, 1997 c 107 s 19]

Subd. 2.

[Repealed, 1997 c 107 s 19]

Subd. 3.

[Repealed, 1997 c 107 s 19]

Subd. 4.

[Repealed, 1997 c 107 s 19]

Subd. 5.

[Repealed, 1997 c 107 s 19]

Subd. 6.

[Repealed, 1997 c 107 s 19]

Subd. 7.Exception for asset transfers.

An institutionalized spouse, institutionalized before October 1, 1989, for a continuous period, who applies for medical assistance on or after July 1, 1983, may transfer liquid assets to a noninstitutionalized spouse if all of the following conditions apply:

(a) The noninstitutionalized spouse is not applying for or receiving assistance;

(b) Either (1) the noninstitutionalized spouse has less than $10,000 in liquid assets, including assets singly owned and 50 percent of assets owned jointly with the institutionalized spouse; or (2) the noninstitutionalized spouse has less than 50 percent of the total value of nonexempt assets owned by both parties, jointly or individually;

(c) The amount transferred, together with the noninstitutionalized spouse's own assets, totals no more than one-half of the total value of the liquid assets of the parties or $10,000 in liquid assets, whichever is greater; and

(d) The transfer may be effected only once, at the time of initial medical assistance application.

Subd. 8.

[Repealed, 1997 c 107 s 19]