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Aged, Blind and Disabled Manual Policy Manual Number: 110.045 Section: Financial Eligibility Requirements Chapter: ABD Treatment of Resources: Ownership, Equity Value & Accessibility April 15, 2015 Division of TennCare 3 For applicants who do not have a conservator, guardian or legally appointed representative, or for applicants whose conservator, guardian or legally appointed representatives cannot or will not perform his or her duties on behalf of the individual, contact the Eligibility Policy Unit for assistance. Consider jointly-owned resources accessible according to the information above unless the individual rebuts ownership or accessibility, and can verify that the joint ownership does block accessibility of the resource. 7. Ownership a. Determining Ownership Ownership of a resource is determined by the: • Name(s) on the account, title, deed, contract, etc.; • Source of the funds in the account or used to purchase the resource; • Purpose for which the account or investment was opened or made; and • Activity and use of the account or investment. If the title, deed, contract, account, etc., has only one name listed, the resource belongs to that individual. If more than one name is listed, it is considered a jointly-owned resource. Once a resource has been determined to be jointly owned, the resource’s accessibility must be evaluated. b. Jointly-Owned Resources Resources owned jointly with someone outside the household must be evaluated to determine accessibility to the household. Consider 100% of the resource as available to the household unless the: • Household can demonstrate it only has access to a portion of the resource (count the value of the proportional interest owned by the household member), or; o The accessible portion of jointly-owned real estate or other titled or deeded property is the percent owned by the applicant; o The accessible portion of a bank account or other liquid resource is considered to be 100% unless otherwise restricted. • The resource cannot be practically subdivided and the household’s access to the resource is dependent on the agreement of a joint owner who refuses to comply. This provision does not apply to real property or