What Is an Asset Transfer?
____________________________________________________________ A transfer of assets exists when title or ownership of assets passes from one individual to another individual, another person is given access to assets through joint ownership, a document to transfer assets at a future date is completed and delivered to the individual who will receive the asset, action is taken that reduces or eliminates an individuals ownership or control of such assets, another person is given access to the asset through joint ownership and any action is taken either by the individual or by any other person, that reduces or eliminates the individuals ownership, an instrument to transfer title at some future date has been completed by the individual who is applying for or receiving assistance and delivered to the individual who is to receive title, an individual who is applying for or receiving financial assistance or institutionalized care has transferred or transfers title or ownership of an otherwise exc
