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Member
Member Since Jan 2011
Posts: 368
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Feb 17, 2014 at 09:10 PM
#1
Hi, I struggle with schizoaffective and reside in IL. My parents are setting up a will and want to leave me a trust fund if there is anything left of their estate.
I know you have to be careful that Social Security won't consider that money to be income, thus taking SSDI away, and Medicaid also. Plus, I've heard of cases where a trust fund was made but when the beneficiary dies, everything the State has paid on his/her behalf for medical expenses is owed by the remaining family. Does anybody have any insight on trust funds? __________________ schizoaffective bipolar type Lithium, Trazodone, Klonopin, Abilify, Zoloft |
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Poohbah
Member Since Feb 2012
Location: South USA
Posts: 1,471
12 297 hugs
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Feb 19, 2014 at 05:02 AM
#2
I'm not sure on inheritence, but I was set to make $100k on a house sale and my ssdi wouldn't be effected. A friend on just ssd was kicked off after an inheritance. I think we paid into system and it doesn't count money earned after ssdi. Your best bet is to get an attorney's advice.
Sent from my SAMSUNG-SGH-I337 using Tapatalk __________________  There is a thin line that separates laughter and pain, comedy and tragedy, humor and hurt.
Erma Bombeck |
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