If I receive an inheritence will I get penalized on my long term disability Insurance check?
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Filed under: Retirement Planning
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Do you have to get the inheritance in one lump sum? Try smaller checks. How about a Trust?
If you are talking about a long term disability insurance policy then it does not matter how much money you have, it will not be effected. If you are on long term social security disability then yes you can loss benefits if you have too much money.
If you are afraid of loosing social security benefits I would ask the person leaving you money to have it go to a special needs trust. Money in a special needs trust does not effect social security benefits. Good luck hope this helps.