trustee_mess
New Member
How can I accept a monthly or yearly inheritance from my father if I am on SSD and medicare for a permanent disability. He just found out he is terminally ill and has started looking into the matter. Thank You
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inheritance mess
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http://ssa-custhelp.ssa.gov/cgi-bin...j0mcF9jdj0xLjkmcF9wYWdlPTE*&p_li=&p_topview=1
This is from The SS website. Other site I gave was not a good answer.
This is from The SS website. Other site I gave was not a good answer.
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trustee_mess
New Member
no help
My income is less than 500 a month because I receive medicare.My wife has a small income but she will never receive social security.She cared for her mentally handicapped son when he was growing up and was self-employed. I need serious replies.My fathers inheritance for me is small.
My income is less than 500 a month because I receive medicare.My wife has a small income but she will never receive social security.She cared for her mentally handicapped son when he was growing up and was self-employed. I need serious replies.My fathers inheritance for me is small.
seniorjudge
New Member
http://www.irs.gov/businesses/small/article/0,,id=98968,00.html
It's not an inheritance because pa is not dead.
If he wants to give you some dough, read this.
It's not an inheritance because pa is not dead.
If he wants to give you some dough, read this.
This was an answwer to a question on the SS website
Will an inheritance affect my SSI benefits?
Question
I get Supplemental Security Income (SSI) because I am elderly and have no income. My brother recently died and left me the money he had in a savings account. Will this extra money affect my SSI benefits? Will my SSI payments stop?
Answer The money inherited from your brother is considered income for the month you receive it and could make you ineligible for that month, depending on the amount of the inheritance. If you keep the money into the next month, it then becomes a part of your resources. An individual cannot have more than $2,000 in resources to remain eligible. Call Social Security at 1-800-772-1213 and report the inheritance. They will tell you how your eligibility will be affected and what you can do to remain eligible.
Will an inheritance affect my SSI benefits?
Question
I get Supplemental Security Income (SSI) because I am elderly and have no income. My brother recently died and left me the money he had in a savings account. Will this extra money affect my SSI benefits? Will my SSI payments stop?
Answer The money inherited from your brother is considered income for the month you receive it and could make you ineligible for that month, depending on the amount of the inheritance. If you keep the money into the next month, it then becomes a part of your resources. An individual cannot have more than $2,000 in resources to remain eligible. Call Social Security at 1-800-772-1213 and report the inheritance. They will tell you how your eligibility will be affected and what you can do to remain eligible.
trustee_mess
New Member
Thank you for the info..He is just as worried about this as I am.
trustee_mess
New Member
My health is not good enough to accept anything from my fathers estate.I would lose the medicare I receive and I do not have any other insurance. Thanks to all.
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