QMC

Treatment of Personal Property

Personal property or assets is defined as household goods, jewelry, farm surpluses, livestock, farm or business machinery or equipment, automobiles and trucks, and similar items.

The following items are considered available resources:

  • Boats, campers, trailers, and recreational vehicles not used as the applicant/participant’s homestead.
  • Motorcycles, unless only one is owned and it is the applicant/participant’s only vehicle.
  • Furniture not directly used by the applicant/participant (in storage or in another person’s household).
  • Farm and business machinery or equipment if no longer used in the regular course of business or employment.

The following items are excluded and considered exempt:

  • One automobile, truck, or motorcycle if it is the only vehicle owned.
  • Household furnishings being used by the applicant/participant regardless of their value.
  • Wedding and/or engagement ring, and watches owned by the applicant/participant or spouse.
  • Farm surplus, livestock, machinery, equipment, tools, and similar items used in the course of business or employment.
  • The value of burial plots is exempt from consideration as an available resource, whether their intended use is for an applicant/participant, immediate family member, or someone else.

Missouri Department of Social Services Income Maintenance Manual.

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