Page 800

West Virginia Income Maintenance Manual Chapter 5

West Virginia Income Maintenance Manual Page 74 Chapter 5 Assets

➢ Bank Accounts When the joint owner, who is an SSI recipient, does not successfully rebut the presumption of ownership through SSA, all account funds are considered to belong totally to the SSI recipient. Otherwise, the portion that SSA determines not be his due to his successful rebuttal is considered to belong to the other joint owner(s). ➢ Other Assets For assets other than bank accounts, unless there is evidence to the contrary, assume that each owner owns only his fractional interest of the shared asset. 5.6.2.B.3 WV WORKS Treatment of jointly owned assets becomes significant when all the joint owners are not included in the AG. ➢ All Joint Owners in the AG If all joint owners are in the AG, the total countable value of the asset is counted as an asset for the AG. ➢ All Joint Owners Not in the AG If all joint owners are not in the AG, the following general rules apply: • The non-excluded assets of an individual who is excluded by a law or disqualified, who would otherwise be required to be included, are available to his spouse and children in their entirety. • The assets available to the AG from the disqualified individual are: o The value of the assets owned solely by the disqualified individual; and o The asset value assigned to the disqualified individual as a result of joint ownership. • The assets considered available to the AG from other joint ownership is the countable asset value assigned to the AG as a result of the joint ownership, plus any other assets owned solely by AG members.

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Page 800

Official source

West Virginia Income Maintenance Manual Chapter 5

West Virginia Income Maintenance Manual Page 74 Chapter 5 Assets

➢ Bank Accounts When the joint owner, who is an SSI recipient, does not successfully rebut the presumption of ownership through SSA, all account funds are considered to belong totally to the SSI recipient. Otherwise, the portion that SSA determines not be his due to his successful rebuttal is considered to belong to the other joint owner(s). ➢ Other Assets For assets other than bank accounts, unless there is evidence to the contrary, assume that each owner owns only his fractional interest of the shared asset. 5.6.2.B.3 WV WORKS Treatment of jointly owned assets becomes significant when all the joint owners are not included in the AG. ➢ All Joint Owners in the AG If all joint owners are in the AG, the total countable value of the asset is counted as an asset for the AG. ➢ All Joint Owners Not in the AG If all joint owners are not in the AG, the following general rules apply: • The non-excluded assets of an individual who is excluded by a law or disqualified, who would otherwise be required to be included, are available to his spouse and children in their entirety. • The assets available to the AG from the disqualified individual are: o The value of the assets owned solely by the disqualified individual; and o The asset value assigned to the disqualified individual as a result of joint ownership. • The assets considered available to the AG from other joint ownership is the countable asset value assigned to the AG as a result of the joint ownership, plus any other assets owned solely by AG members.