Assets that can be readily converted to cash will be counted toward a $3,000 asset limit.  “Readily converted” means the asset can be converted to cash in 5 working days.

One vehicle per family unit adult is excluded. The equity value in other vehicles is counted without regard to the “readily converted” requirement.

Proceeds from non-recurring lump sum payments are counted as an asset beginning the month after the month of receipt for ongoing cases

    Work First has a long list of counted and non-counted resources.