2328 Property Rights | Medicaid
Georgia Division of Family and Children Services |
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Policy Title: |
Property Rights |
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Effective Date: |
April 2020 |
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Chapter: |
2300 |
Policy Number: |
2328 |
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Previous Policy Number(s): |
MT 1 |
Updated or Reviewed in MT: |
MT-59 |
Basic Considerations
Property rights can be in any of the following forms.
Mineral Rights
Mineral rights represent an ownership interest in natural resources such as coal, oil, or natural gas, which normally are extracted from the ground.
Timber Rights
Timber rights permit one party to cut and remove free standing trees from the property of another party.
Procedures
Verify the ownership and equity value of property rights.
If the individual owns the land to which the mineral rights pertain, the CMV of the land can be assumed to include the value of the mineral rights. Additional development is unnecessary.
If the individual does not own the land to which the mineral rights pertain, obtain a CMV estimate from a knowledgeable source.
Such sources include the following:
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the Bureau of Land Management
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the U.S. Geological Survey
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any mining company that holds leases.
Refer any lease for life agreement to the Medicaid Unit for a determination of whether it creates a life estate.