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West Virginia Income Maintenance Manual Chapter 5

West Virginia Income Maintenance Manual Page v Chapter 5 Assets

5.6.2.A Assets of Disqualified/Ineligible Individuals.......................................................71 5.6.2.B Jointly Owned Assets .......................................................................................72 5.6.2.C Special Considerations Depending on AG Composition ...................................75 5.6.2.D Retroactive Payments ......................................................................................75 5.6.2.E Burial Funds .....................................................................................................76 5.6.3 SSI MEDICAID GROUPS ........................................................................................76 5.6.3.A Assets of Disqualified/Ineligible Individuals.......................................................76 5.6.3.B Jointly Owned Assets .......................................................................................77 5.6.3.C Retroactive Payments ......................................................................................80 5.6.3.D Burial Funds .....................................................................................................80 5.7 TRANSFER OF ASSETS ...............................................................................................83 5.7.1 SNAP ......................................................................................................................83 5.7.1.A Permissible Transfers .......................................................................................83 5.7.1.B Applicants ........................................................................................................83 5.7.1.C Clients ..............................................................................................................84 5.7.1.D Length of Disqualification .................................................................................84 5.7.2 WV WORKS ............................................................................................................85 5.7.2.A Look-Back Period .............................................................................................86 5.7.2.B Permissible Transfers .......................................................................................86 5.7.2.C Transfers That Are Not Permissible ..................................................................87 5.7.2.D Transfer with Retention of a Life Estate ............................................................88 5.7.2.E Transfer to Purchase an Annuity ......................................................................88 5.7.2.F Transfer Penalty ...............................................................................................89 5.7.2.G Treatment of Jointly Owned Assets ..................................................................91 5.7.3 MEDICAID ...............................................................................................................92 APPENDIX A: LIFE ESTATE TABLE ......................................................................................93 APPENDIX B: TREATMENT OF MEDICAID ASSETS PRIOR TO 8/11/93 ..............................94 APPENDIX C: INDIAN LANDS AND TRUSTS EXCLUDED FROM INCOME AND ASSETS ..96 C.1 PER CAPITA DISTRIBUTION PAYMENTS ....................................................................96