80yr.low income gets $50,000 inheritance can that effect her access care benifits &food stamps?can she gift it

Question

80yr.low income gets $50,000 inheritance can that effect her access care benifits &food stamps?can she gift it

Answer 1

yes, especially her stamps. welfare offices base everything on income. If she inherits 50g,s she can wave  bye bye to the freebies

Answer 2

It needs to be in a special needs trust where she doesn't have direct access to the money. You need a lawyer.

Answer 3

Whether the 80 yo gifts it or not, she:

1. Adds it to her total net worth...and should report it.

2. She can gift up to 10k per person per year tax free.

And what is wrong with getting off the dole? She can probably;y live out the rest of her life on the 50k.

Answer 4

She needs some legal advice from an attorney familiar with medicaid rules and eligibility.  Pronto.