QMC

Other and Unusual Property

Other types of property that may be considered an available resource or transfer include:

  • Mineral Rights
  • Timber Rights
  • Easements
  • Leaseholds
  • Water Rights
  • Life Estates
  • Remainder Interests

The equity value of these properties is only excluded if the property:

  • is a life estate or remainder interest
  • is used in the course of a participant’s trade or business; or
  • provides a 6% annual return on the equity value.

NOTE: A participant is assumed to have 100% equity value in these types of property unless the participant provides verification to the contrary. The 100% equity value amount is equal to the current market value.

Missouri Department of Social Services Income Maintenance Manual.

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