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Transferred Asset
The term transferred asset may refer to:
- Transferred property, or
- Transferred income
Treatment of Transferred Assets
The EW must determine the treatment of the transferred asset by looking at the source of the asset being transferred to determine if it is actually transferred property or transferred income.
- If the transferred asset is property, treat as a transfer of property for less than adequate consideration.
- If the tansferred asset is income, document the amount, date and brief description of the transfer on the Period of Ineligibility for Nursing Facility Level-of-Care Worksheet (MC 176 PI), and Evaluate for a potential period of ineligibility.
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