415 TRANSFER OF PROPERTY (FSM)

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Assets include all types of income and resources from applicants and recipients. Policy on the transfer of assets differs based on the type of assistance requested.

Evaluate property transfers to determine if the individual received fair market value and if the resources were transferred for purposes of qualifying for SNAP Benefits.

Exception: Transfers by an applicant or recipient from a personal resource such as a checking or savings, in to an ABLE/STABLE-NH account to qualify for benefits are exempt from the evaluation process and penalty period. There is, however, no special treatment for contributions made to another person’s ABLE/STABLE-NH account. When an applicant or recipient contributes to another individual’s ABLE/STABLE-NH account and then applies for benefits for themselves, the contribution is considered an asset transfer.

Example 1: Debra transfers $5,000 from her personal checking account into her ABLE/STABLE-NH account. Debra’s personal countable resources are now reduced when determining her eligibility. An ABLE/STABLE-NH account is an excluded resource and excluded from the Transfer of Assets review. 

Example 2: Florence transfers $5,000 from her personal checking account into David’s ABLE/STABLE-NH account. Florence then applies for assistance. This transfer of assets must be accounted for when determining Florence’s eligibility.

References: RSA 161:4-a, IV; RSA 167:4, I(a); RSA 167:7, IV; 7 CFR 273.8(c),(e)(2)(ii),(h); 7 USC 2015(h)