Legal Question in Wills and Trusts in Washington
inheriting money without loosing much needed elderly health benefits
My Dad will be inhriting some money from his recently
deceased brother. We are expection the amount to be
between 15K and 50K. Dad is 72 years old. He is
considering turning down the money and allowing the
other 6 heirs to split his portion because he is
concerned about losing the government benefits he
recieves for himself and my mother. This would be a
very hard desision because Dad and Mom have always
been very low income. Dad gets VA medical care and
some assistance from a low income insurance ''spend
down'' system for his progressive Parkinson's
Desease and diabetes. He is mostly concerned with
my mother though. Mom is covered under the COPES
program here in Wa. for her Ahlzeimer's desease. She
will need long term care before long. COPES will cover
this. Is there a way that Dad can still inserit this without
losing assistance...put directly into a trust or
something? It would be nice for him to have such
money as a ''back-up'' plan for their eventually severe
conditions. -Thanks
1 Answer from Attorneys
Re: inheriting money without loosing much needed elderly health benefits
WAY too complicated a question to answer here. and more facts are needed. But in a nutshell there may be a way to receive the money and then gift some of it while using some of it to pay expenses until he falls back unter the limit. Or his assets may permit him to keep all of it. But it depends on so many factors that it would be WELL worth the expense of a consultation to sit down with an elder law attorney to discuss the matter before either accepting or disclaiming his interest in the estate.
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