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Last Month’s Asset Total
Sinclair’s asset total for last month is $11,870.84. The savings and checking account balances and the cash surrender value of Mary’s annuity are all counted assets.
Sinclair’s house is excluded because it is his homestead. Mary’s car is excluded because she uses it for employment.
Note: The vehicle value listed below was obtained from the NADA trade-in value.
Asset |
Counted |
Excluded |
Savings Account |
$ 500.00 |
|
Checking Account |
$1,875.26 |
|
Annuity |
$9495.58 |
|
Car |
|
$5225.00 |
House |
|
$189,900 |
Total |
$11,870.84 |
$195,125.30 |