How does an a large inheritance affect SSI?
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How does an a large inheritance affect SSI?
My son gets SSI for autism and I’m getting ready to receive ant inheritance with stock it’s about $107,119.84. I am divorced and I do not work because of my son’s condition. I do have another son whoalso receives SSI. I more worry about keeping the insurance. I have tried to look into other insurance but they will not cover my autistic son. So can I still keep the SSI and receive my inheritance and leave the stocks alone?
Asked on September 13, 2011 under Estate Planning, Florida
Answers:
FreeAdvice Contributing Attorney / FreeAdvice Contributing Attorney
Answered 12 years ago | Contributor
The social security benefits that your son receives as a benefit for his medical condition is received through a federal program. His receipt of it as well as the benefits that your other son received from the program are independent of what inheritance that you may receive in the near future.
Your receipt of an inheritance is a gift, not income and such value should have no bearing upon their continuing benefits under social security. To confirm my opinion, you should contact the Social Security Administration in that it appears that since you are receiving a gift and not an increase in employment income the social security benefits whould be able to continue uninterrupted and you can receive and retain your inheritance.
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