As I understand it, you are 59, receiving SSI, Social Security Disability and Medicaid. Your father left you his house when he died. I assume that you are living in the home, if not please let me know in a reply.
What you need to know is that Social Security Disability is an insurance program. You paid into Social Security while working so when you became disabled that program is “covering you” based on what you paid in. You will receive this money ($699) regardless of how much you have in assets or other income so long as you are not able to work because of your disability. You could have inherited millions of dollars and still receive the disability.
Since you are not receiving enough income from Social Security Disability to bring you up to poverty level, you are receiving SSI ($19) to bring your income up to poverty level. To get SSI you have to have income less than $718 a month and assets of less than $2,000, not including your home, a car and your clothing and furnishings. Assuming that you are living in the house the home is not counted as an asset for SSI and Medicaid.
Since you qualify for SSI you also qualify for Medicaid benefits to cover your Medical expenses and Food Stamps to help with food.
If you sell the home and receive cash then you will be over the $2,000 SSI asset limit. When you go over that limit you will loose SSI, Medicaid, and Food Stamps. You will not loose the Disability but all the needed benefits that go along with the SSI eligibility.
You can sell the home and quickly purchase another property that you will live in, spend the money on personal property such as clothing, furniture and a car quickly or place the money in a Special Needs Trust.
If you sell the home and buy a new home then you can use the money to buy a new house. This would need to be done in the same money. The new house will not be counted toward the $2,000 limit.
If you sell the home and use the $30,000 you can spend it to below $2,000 within the month on personal property like clothing, furniture and a car.
Finally, if you sell the home you can put the proceeds in a Special Needs Trust. The cash will be protected and you will not loose SSI, Medicaid or Food Stamps. There would have to be someone else in control of the money in the trust and the money can only be used to pay for expenses other than food and shelter items. It can be used to pay car insurance, buy you a car, furniture, furnishings, entertainment or other things over time. The trust cannot give you cash, though.
Which option works the best, XXXXX XXXXX the option of keeping the home will have to be weighed and determined by you. I would suggest you discuss this with an Elder Law Attorney in your area. You can find one at www.naela.org.
I know that I have given you a lot of information and it is complex. However, there are options here but they are difficult. An experienced attorney can walk you through this by sitting down with you.
I cannot provide you with legal advise. I have provided you with information about the law related to your question. My answer, and any information that you find online, should not take the place of having a consultation with a lawyer in your area to advise you regarding your specific issues.
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