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I'm disabled. Is inheritance a problem for me?

Bonchi
Bonchi
My mother is leaving her inheritance to my two sisters and my son. She doesn't want to leave me anything, because she says I'm going to lose my benefits. Does anybody have any information about this?
tommymott
tommymott
Check with Social Security at

www.ssa.gov

Tell your Mom not to worry, leaving you some money won't hurt. She could always make it cash, in small bills!
deleted_user
deleted_user
I don't know, contact social security and ask them. I think your Mom is just worried because it is a extra income.
2Fast2KeepUP
2Fast2KeepUP
She could put in a trust which would allocate you an allotted amount per month which would not exceed that which social security allows you as extra income, you know like the back to work ticket thing with a loop hole. Might qualify, might not! Not sure so ask for legal advice, soc sec information.
deleted_user
deleted_user
That may not be true...check your state requirements. My disability is only based on my individual income...not gifts. Call your local social security office.
2Fast2KeepUP
2Fast2KeepUP
In addition, my family is extremely well off and would be interested in how to work around the issues related to this, I do know that they added me on the deed for their home, so that it wold go directly to me in the event of their deaths so that it wouldn't be inherited it would already be mine.
deleted_user
deleted_user
What 2fast said sounds like it might be the best solution...to put it in a special account so you can recieve it in amounts so you won't go over your disability.
deleted_user
deleted_user
If you are receiving SSDI it won't affect that. But otherwise it probably will affect any other monies your getting from ss like ssi. Check with ss to be sure.
sjdaud
sjdaud
I agree with tedibear. If you get ssDi, then any money you get that you did not EARN, does not affect your ssDi payment.

But, it will affect your SSI payment because SSI is welfare, not disability income.

If you get low income assistance of any kind, it will affect that. If that be the case, a trust is a better idea, doling out the money a little bit at a time.
deleted_user
deleted_user
We inherited over 100,000 and my husband and I are both disabled and it wasn't even a close family member. There was no problem with it. If she wants to start giving you a gift of $10,000 (a year) I think that's the number right now and you pay no taxes. Unless your inheritance is in the millions then I would check with a CPA.
deleted_user
deleted_user
sjdaud is right if it is SSI then you should be concerned but if it is a Diablity Payment then you need not worry.
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