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:
- (FCRC) Explain to the client that the entire asset is used when determining eligibility.
- (Client) Claims that all or part of the asset does not belong to them.
- (FCRC) Ask the client to complete HFS 2666, Statement of Ownership of Joint Assets.
- (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.