9048 Inaccessible Resources

[273.8] Resources that cannot be sold or disposed of for a significant return shall be identified as inaccessible. Any resource can be considered inaccessible if its sale or other disposition is unlikely to produce any significant amount of funds for the support of the household. This means the household is unlikely to be able to sell the resource for any significant return because the household's interest is relatively slight or because the cost of selling the household's interest would be greater than the value of the resource. The determination of whether any part of the value of a vehicle is included as a resource must be made in accordance to DSSM 9051. An example of an inaccessible resource is heir property where the heirs inherit individual fractional interests in a decedent's property. The value of the fractional interest in the property may be less than the cost of selling the property. Therefore, it can be considered inaccessible to the household. A significant return shall be any return, after estimated costs of sale or disposition, and taking into account the ownership interest of the household, that DSS determines are more than $1,500. Any significant amount of funds shall be funds amounting to more than $1,500. Verify the value of a resource to be excluded only if the information provided by the household is questionable. This inaccessible resource provision does not apply to negotiable financial instruments such as stocks and bonds.