The nature and value of the PROPERTY owned have an influence on the benefit to which an adult or family may be entitled. If they exceed the threshold of exclusion permitted, they will reduce the deficit between the recognized needs and the persons’ resources.
This concept refers to any movable or immovable owned by an adult or family that is not specifically excluded.
The assessment of a property must take into account the following factors:
- basic concepts such as market value, real rights, and so forth;
- the various exclusions that apply to properties:
- basic exclusions;
- total exclusions;
- partial exclusions to a maximum of $ 266 824 or to a maximum of $10,000 (or up to $381 294 for clients with a severe employment-related constraints);
- exclusions because of a legal impediment;
- property abroad;
- property disposed of;
- property included for benefit calculation purposes;
- a diagram supporting the normative and operational rules.