SSI is needs based. If you get an inheritance; kiss your SSI goodbye.
Trust me; I know. Best thing to do is to sell BOTH ASAP after your folks
pass away, and buy ONE residence that is immune from consideration of
assets.
"john rosewood"
news:a5Sdnd3MTK5axyDbnZ2dnUVZ_oLinZ2d@ ...
> On Sat, 11 Aug 2007 00:54:22 -0500, john rosewood wrote:
>
>> i am worried about not having SSI if my parents die and i inherit a house
>> and condo. i get SSI for having the clinical diagnosis of schizophrenia.
>> our house is paid for as well as another condo. i imagine that they way
>> my parents have looked at it that the rent from one property would cover
>> the living expenses at the other property where i would continue to live.
>> i'm afraid that if SSI was taken from me because of my future inheritance
>> that i would not be able to afford doctors, medicine, and all other
>> living
>> expenses.
>>
>> your input is greatly appreciated.
>
> here is more information: my parents have planned from the income of one
> property to take care of living expenses at the other after they die so
> that i will have a roof over my head for life. it is SSI that i get, not
> SSDI, and i would like to find out about SSI laws so that my parents can
> somehow figure out some way of me being taken care of and also for me to
> be able to see my doctors and get medication. i know that if it were not
> for my parents i would not be able to afford living alone in a apartment
> with what little i do receive. if its permissible to inherit one
> property, what would be the best choice for the other property seeing as i
> still have to pay house/living related bills. i would very much like to
> report any information i receive to my parents so they can take
> appropriate measures so that i will be taken care of should they pass
> away.
>
> thank you