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West Virginia Income Maintenance Manual Chapter 5
West Virginia Income Maintenance Manual Page 75 Chapter 5 Assets
All Joint Owners Not in the AG Example 1: A WV WORKS AG consists of a mother, her 2 children, and her husband, who is a stepparent to the children. The mother and her husband are convicted of selling drugs but receive probation. The mother owns a vehicle with a current market value (CMV) of $18,000 and a piece of property she owns jointly with her brother with a total value of $400. Her husband owns a vehicle valued at $700. Even though neither adult qualifies to be included in the AG, their assets are counted for the children as follows: $200 for ½ the value of the mother’s jointly owned property. The mother’s and husband’s vehicles are excluded. All Joint Owners Not in the AG Example 2: A woman receives WV WORKS for herself and her child. Her husband, who is the child’s stepfather, is disqualified. The woman and her husband own a piece of property in Ohio. They own this property jointly with the woman’s brother, who currently lives in a trailer on the property. Each owns an equal share of the property that has a CMV of $1,550. Each person’s share of the CMV of the property is $516.66. The woman’s share is counted as an asset because she is included in the AG. The stepfather is disqualified, but his share still counts for the AG because he would normally be required to be included in the AG. The woman’s brother’s share is not counted as an asset; he does not live with the AG, is not included and is not required to be included. The total amount counted as an asset from this property for the AG is $1,033.32 or $1,033. 5.6.2.C Special Considerations Depending on AG Composition For AFDC-Related Medicaid Only: Assets of a child are never counted for sibling(s) or for a parent(s), even though the child is included in the Needs Group of his sibling(s) and parent(s). 5.6.2.D Retroactive Payments Retroactive payments are counted as an asset when retained into the month following the month of receipt.