A variety of unusual assets can be considered countable assets, including mineral rights, timber rights, easements, leaseholds, water rights, life estates and remainder interests.
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.