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4. Checking and Savings Accounts of a Deceased Spouse Assets are unavailable until released by the clerk of court (usually when the estate is probated). 5. Resulting Trust Refer to Section V. if an a/b states that assets are being held for another individual. 6. Incompetency Refer to Section VI. if incompetency on the part of the a/b is alleged. B. First Moment Verification Requirement Always verify liquid assets as of the first moment of the first day of the month. Request the account balance as of close of business on the last working day of the preceding month. C. Non-Countable Liquid Assets Do not count as an available resource: 1. Monthly income - The portion used by the a/b to pay monthly bills, whether deposited in an account or not. 2. Life Insurance - See Item XII. 3. Relocation Assistance - Exclude assistance provided under the Uniform Relocation Assistance and Real Property Acquisition Policies Act of 1970 for nine months. 4. Retirement accounts (including IRA’s) Exclude a retirement account if the funds cannot be withdrawn in a lump sum payment. This includes profit sharing or funds which can only be paid out in a monthly repayment plan. NOTE: Do not deem retirement accounts from spouse or parent in PLA budgeting. Count available retirement funds in the assessment for spousal resource protection MA-2231, Community Spouse Resource Protection). 5. Irrevocable pre-need burial contract/trust. Do not count the value of an irrevocable contract. Refer to Burial Exclusion in Section XIII. 6. Bank accounts a. Exclude accounts which are solely in the name of a deceased spouse or parent of the a/b until released by the clerk of court. 65