Transfer of Assets

Transfer of countable assets for less than full value can trigger a Food Stamps disqualification.

Look back period for improper transfers is three months.

      Amount in Excess of

      The Resource Limit

      Length of

      Disqualification

          0.00 - 249.99

      1 month

          250.00 - 999.99

      3 months

          1,000.00 - 2,999.99

      6 months

          3,000.00 - 4,999.99

      9 months

          5,000.00 - up

      12 months

      EXAMPLE: An applicant FSU with $1,260 in a savings account transfers ownership of stock worth $1 000 for less than fair market value. When added together, they total $2,260. The resource limit for the FSU is $2,000. When $2,000 is subtracted from $2,260, the result is $260. According to the chart, $260 results in a three-month disqualification.