PM 07-03-02.

A jointly held asset is an asset owned by more than one person.

Example: Ms. A applied for GA. She has a joint bank account with her sister. The balance of the account is $1,000. The bank account is available to Ms. A. Use the entire amount of the $1,000 bank account when determining Ms. A's GA eligibility.

When a client has an available nonexempt joint asset:

  1. (FCRC) Explain to the client that the entire asset is used when determining eligibility.
  2. (Client) Claims that all or part of the asset does not belong to them.
  3. (FCRC) Ask the client to complete HFS 2666, Statement of Ownership of Joint Assets.
  4. (FCRC) Ask the other owner(s) to provide a statement explaining why the client's name is on the asset and who makes deposits or payments and withdrawals. The joint owner can complete a HFS 2666 for this purpose.

If the client claims that their name has been removed from the asset, or their access restricted, they must provide proof of their claim.

Example: Ms. E applies for GA. She has a joint savings account of $2000 with her father. Ms. E completes a HFS 2666 stating that the $2000 is her father's. He originally put Ms. E's name on the account in case something happened to him. Ms. E provides a statement from the bank that she no longer has access to the account. The account is now payable to Ms. E only upon the death of her father. Consider the $2000 as not available to Ms. E.