An asset is money or property you already have. 106 C.M.R. § 704.100.
Effective July 1, 2021, TAFDC does not count assets. Because TAFDC does not count assets, DTA should also not count money or property you spent, gave away, or otherwise transferred before you applied for TAFDC. DTA OLGT 2021-85 (Nov. 10, 2021) (TAFDC and EAEDC: Asset Eligibility Limits Eliminated).