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DEPARTMENT FOR AGING AND REHABILITATIVE SERVICES AUXILIARY GRANT PROGRAM NON-SSI RESOURCE TRANSFERS 11/18 CHAPTER G PAGE 7  Trade or exchange of one property for another;  Spending cash;  Giving away cash;  Transferring any financial instrument (e.g., stocks, bonds);  Transfers of an inheritance  Giving away property (including adding another person's name as an owner of the property); Example: If the owner of a home adds the name of another person to the deed as a co- owner, the owner has transferred a portion of the value of the resource to that person. This transaction is considered a transfer of resources. The deed is the legally binding agreement. 6.1. Documenting Date and Validity of Transfer Obtain the individual's signed statement that explains:  The nature of the transfer (sold, given away, traded, etc.);  The method of transfer (sold on open market, transferred without compensation, etc.);  The date of the transfer;  A description of the transferred resource;  The amount of cash transferred or the current market value (CMV) of the transferred resource;  The amount and type of compensation received;  Any remaining ownership interest. 6.2. Verification of Validity Verify the date and validity of a transfer that is alleged to have occurred. To verify, obtain copies of available evidence of the transaction such as:  Bills of sale;  Receipts for prepayment of rent;