2-009 Resources

469 NAC 2-009

The total equity value of available non-excluded resources of the client or client and responsible relative (see 469 NAC 2-006) or client and essential person (see 469 NAC 3-006.02) is determined and compared with the established maximum for available resources which the client may own and still be considered eligible. If the total equity value of available non-excluded resources exceeds the established maximum, the client is ineligible.

Note: According to 469 NAC 2-006 ff., assets of each spouse are considered available to the other unless there is a divorce or spousal impoverishment provisions apply.

 

The following are examples of resources:

1. Cash on hand;

2. Cash in savings or checking accounts;

3. Certificates of deposit;

4. Stocks;

5. Bonds;

6. Investments;

7. Collectable unpaid notes or loans;

8. Promissory notes;

9. Mortgages;

10. Land contracts;

11. Land leases;

12. Revocable burial funds;

13. Trust or guardianship funds;

14. Cash value of insurance policies;

15. A home;

16. Additional pieces of property;

17. Trailer houses;

18. Burial spaces;

19. Motor vehicles;

20. Life estates;

21. Farm and business equipment;

22. Livestock;

23. Poultry and crops;

24. Household goods and other personal effects;

25. Contents of a safe deposit box;

26. Tax refunds;

27. Elective share of a spouse's augmented estate; and

28. Revocable, assignable, or saleable annuity.

{2/14/2009}

2-009.01 Verification of Resources

2-009.02 Definition of Available Resources

2-009.03 Determination of Ownership of Resources

2-009.04 Consideration of Relative Responsibility

2-009.05 Inheritance

2-009.06 Value and Equity

2-009.07 Types of Resources

2-009.08 Maximum Available Resource Levels

2-009.09 Deeming of Resources of A Parent

2-009.10 Deprivation of Resources

2-009.11 Reduction of Resources