2-008.07B5b Time Limits for Liquidation

The worker must exclude real property which the client is making a good faith effort to sell.

First the worker must determine if the individual has the legal authority to liquidate the property. If not, the client is allowed 60 days to initiate legal action to obtain authority to liquidate (see 468 NAC 2-008.02A). If the client owns the property with other persons who are not on assistance, see 468 NAC 2-008.07B5b(2).

Once the client has the legal authority to liquidate the property, the worker must obtain the client's signature on Form IM-1. Form IM-1 is incorporated into the Public Assistance Forms Manual. If the client refuses to sign Form IM-1, s/he is immediately ineligible because of excess resources. On Form IM-1, the client agrees to dispose of the property within six calendar months and to reimburse for grants received during the disposal period.

The six-calendar-month period begins with the month following the month in which Form IM-1 is signed. Once Form IM-1 is signed, the six calendar months are counted, whether or not the client is receiving assistance.

If the client moves back to the home during the six-month period and subsequently moves out again, s/he is allowed the months remaining in the six months.

One liquidation period is allowed for each piece of real property that is determined to cause excess resources, even if the case is closed and subsequently reopened.

(8/29/88)

2-008.07B5b(1) Extension of Time Limit

2-008.07B5b(2) Joint Ownership