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Recent SSI Disability questions
I have been receiving disability benefits. I recently have
I have been receiving disability benefits. I recently have been put on a general warrenty deed where our current residence has been & that my father in law has given to my husband and myself 50 50 ownership between my husband and myself. How does that effect my disability benefits and do I need to report this asset?
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A friend of mine is on SSI disability and last month her father
A friend of mine is on SSI disability and last month her father passed away. Her brother is handling the executor role and he has called to let her know that the insurance policy is written such that the company is breaking the funds into equal parts divided among her siblings. Her brother has let her know that he needs her to send back the funds right away to pay for the deceased debts and doesn't expect there to be any remaining funds from the repayment of the debts.I have a few questions.1. I saw that you are allowed to have $2000 in resources while on SSI. This payment from the insurance company will be around $13,000. This money will be sent back to her brother to pay debts as soon as she receives the check. What steps will my friend need to take to protect her SSI benefits. My friend is having great anxiety over this issue and the more detailed the explanation the better for her peace of mind. She needs a step-by-step approach.2. What is the best way to document the return of the monies so that she can prove she doesn't have the resource.3. Will there be any tax issues with this insurance money. My friend will have the funds for a couple days at most before they are sent off to her brother to pay debts.
when establishing a special needs trust ssi disable son, the grantor (his father)ha
when establishing a special needs trust ssi disable son, the grantor (his father)has died but left a life insurance policy payable to beneficiary(my son). The trust agreement calls name of the grantor who would the grantor be if using the life insurance to establish the trust. I his mother would be the trustee. Also Article 5.1 in the state of Florida what are the governing laws they are asking for? In my studies I have found requirements social security and federal omnibus law statutes in this trust. can the grantor and trustee be same person? paragraph 2.1 whose death would be listed?
My mother got a brain aneurism a year and half ago. And she
My mother got a brain aneurism a year and half ago. And she hasn't been able to communicate. She cannot care for herself and is in a Sub-Acute care location. Since her incident I have been paying her credit card, utility, storage and mortgage bills. She does not have any income (no Social Security, no SSI, no Disability, no pension, etc), no assets (other than clothes and small items in her storage <$1,000 worth of stuff). Her house is worth a little less than what she owes on it. But we currently live in the home, because it was always her intent to leave it to me, since I have been paying the mortgage before her incident. If we rented the house out, we would probably have to pay out of pocket to cover the mortgage. So, my question is, what is my best course of action? I am going to go file for a conservatorship, but if she doesn't have any income and only expenses, how am I going to handle her finances properly? Currently I pay all her bills out of my pocket (with no little help from my sisters). The only bills of my mother that my sisters pay, are the credit card she let them use when she was well. Since my sisters are all in an agreement, would it be possible to take over her house and payments? Will the court allow it? She doesn't have a will or trust. But someone told me to get conservatorship and then create a trust for here with me as a benefactor. Will the court allow this? I don't want to lose the house. Or at the very least will the court allow me to try to refinance her home to pay off her bills? Will they allow me to take out a loan to pay off bills? Since she is living in a sub-acute care facility, will the court make a change in the living arrangements since she is not living in the home herself? Or will that make a difference in trying to transfer the home in my name?
My 82 yr old mother is the trustee for her younger disabled
My 82 yr old mother is the trustee for her younger disabled sister, both in Texas. The younger sister receives SSI disability Federal assistance. They will be inheriting 3 properties in Texas along with 2 other siblings. The properties are in great disrepair and will not likely bring the property tax value (total $110K) if and when they are sold. A relative suggested the younger sister should "relinquish her inheritance rights" to protect her disability status. Is this wise? How do we do this in Texas?
WILL OF MY MOTHERS WHICH WAS DONE 3 YEARS AGO IT WAS HER 3RD
WILL OF MY MOTHER'S WHICH WAS DONE 3 YEARS AGO IT WAS HER 3RD HUSBAND AND HIS 2ND WIFE WITH NO NATURAL CHILDREN TOGETHER. SHE PASSED 13 DAYS AGO AND WILL LEAVES EVERYTHING TO HIM AND IT STATES "HE NOT BE REQUIRED TO MAKE AN INVENTORY OR APPRAISEL OF MY ESTATE AND THAT HE NOT BE REQUIRED TO ACCOUNT TO ANY COURT". WHAT EXACTLY DOES THIS MEAN AS FAR AS MY OPTIONS TO CONTEST WILL,BENEFICIARY ITEMS,ETC.....THERE IS AN INSTANCE AT THE WILL SIGNING OF UNDUE INFLUENCE AND SHE WAS DIAGNOSED BIPOLAR IN 2003 AND PUT ON SSI DISABILITY IN 2010 (10 MONTHS AFTER WILL WAS DRAWN WHICH I DONT BELIEVE IS HER LAST ONE) FOR MENTAL ILLNESS. THANKS IN ADVANCE
Hi, I would love to get advice from a Probate Attorney, MyView more estate law questions
Hi, I would love to get advice from a Probate Attorney, My Mother died in a nursing home on Christmas Day 2010, after a long illness from alzhemiers, she went into nursing home on October 16, 2006.....she had made a deed to my Brother and I for her home and property on January 4, 2004.....Now the State of KY has sent us a letter wanting us to write them a check for $120,000.00 for her Estate recovery as she had held her life interest in the home and property that she deeded us...The State says that she fell in the 3 year lookback period, because they themselves retrodated the effective date of her eligibility for Medicaid to October 1,2006 even though no bill was ever paid by medicaid until May 5, 2007, The deed would have been 3 years made before they were ever billed for anything.....my question is this, medicaid estate recovery says that she has an interest in the home and property that are now in our names in the deed and it was recorded, how much would that interest be? And for how long can they hold Mommy's case open for review? Also she had 2 vehicles both in her name, would we have to file probate on the vehicles to change the title? And can you file probate on the vehicles alone without including her home, that we already own and do not need to file probate on? Thankyou.....Letha In KY