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ASSET TRANSFERS

ISSUE DATE: 09/2016

A transfer of assets conveys ownership of those assets to another party. People may or may not receive compensation from the transfer. Some examples of transfers are sales, gifts, and trades.

See 0015.69.06 (Improper Asset Transfers) to determine whether a transfer was improper and what steps to take after that determination.


MFIP, DWP, GA:

Asset transfers can make a unit ineligible. When determining the effect of an asset transfer, consider transfers made by any person whose assets count toward the unit's asset limit. See 0015.48 (Whose Assets to Consider).


SNAP:

SNAP has no asset test.


MSA:

No provisions, but transfers may affect eligibility for MA. See the Minnesota Health Care Programs Eligibility Policy Manual.


GRH:

Follow MSA for aged, blind, or disabled clients. Follow MFIP for all other adults.

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