Page 2

Consider jointly owned resources accessible according to the information above unless the individual rebuts ownership or accessibility and can verify to the satisfaction of the following policies that the joint ownership does block accessibility of the resource. RESOURCE OWNERSHIP & EXCLUSIONS: Property held in trust or owned by a corporation is not owned by individuals who have an interest in the corporation or trust; no exclusions are applied to property the filing or assistance unit members do not own. Resource exclusions do not apply to trust or corporate property. NOTE: Individuals who own an interest in a corporation own STOCK, they do not own property held by the corporation. The stock has countable value based on the corporation’s assets and liabilities. OWNERSHIP: Resource ownership is determined by the: 1. Name(s) on the account, title, deed, contract, etc., 2. Source of account funds, 3. Purpose for which the account/investment was opened, and 4. Account/investment activity. If only one name is listed on the title, deed, contract, account, etc., the resource belongs to that individual. If more than one name is listed, the resource is considered jointly-owned. Once joint- ownership is determined, the resource’s accessibility must be evaluated. JOINTLY-OWNED RESOURCES: Resources owned jointly with someone outside the household must be evaluated to determine accessibility to the household. Consider the resource 100% available to the household, unless the: 1. Household verifies they have access to only a portion of the resource; (count the available portion’s value); or a. The percent of jointly-owned real estate the client owns is considered the accessible portion; b. Jointly owned bank accounts or other liquid resources are considered 100% available unless otherwise restricted. 2. Resource cannot be practically subdivided and the household’s access is dependent on the joint owner’s agreement, and the joint-owner refuses to sell. This provision does not apply to real property. REBUTTING OWNERSHIP OR ACCESSIBILITY: Resource ownership and/or accessibility must be rebutted in writing, and, as appropriate, all co- owners must sign the rebuttal. The rebuttal must include explanation and verification of: 1. How, and/or why co-ownership was established; 2. The names of individuals whose funds were used to establish the account or purchase the asset, and the amounts each invested; 3. The names of individuals who have made withdrawals or have used the resource; and 4. For what the resource has been used or how the funds were spent. Acceptable verification includes bank statements, agreements, deeds, titles, or other collateral statements. The applicant’s/recipient’s statement alone is not sufficient verification. If 100%