Florida | Wills and Trusts
Legal Question
I am a disabled 46 year old person living and born in FL. I receive disability income and Medicare. I do not receive SSI because of my assets and my husband's income. My parents want to make me a benefactor in their will. If I inherent less than 1 million dollars, will my disability income or medicare be affected.? Can the government ask for any reimbursements, stop my medicare or disability income, or control how I spend my inheritance?
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Legal Answer
Normally receipt of any substantial monies will disqualify a person for need-based programs. There certainly is no $1million exemption - I don't know where that figure would come from. In order to avoid problems with disqualification for any governmental program, your parents should consider setting up a special needs trust for your benefit. Any attorney who does estate planning can advise them on how to do that in their wills.
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