After I die, can I and other family members just leave my child with Autism an inheritance, or give him a monetary gift without a Special Needs Trust in place?
A gift or inheritance that leaves your child with Autism with non-exempt assets in excess of $2,000 is a gift to the federal government, as it will disqualify your child from benefits until the assets are “spent down” to $2,000 or less. If your child receives or inherits more than $2,000 in countable assets, he or she will be disqualified from receiving SSI and Medi-Cal. He or she will may also not qualify for private health insurance, and could be left paying for his or her medical expenses. With the high cost of medical treatment, in many cases, disqualification from Medi-Cal causes the child’s inheritance to be exhausted within two to three years. After that, for the rest of his or her life, your child will be completely dependent on family members and the 2/3 poverty level SSI governmental assistance. This situation will in turn, drain the assets of the other children in the family and other family members. It is very important for parents to understand that potential disqualificat
Related Questions
- After I die, can I and other family members just leave my child with Autism an inheritance, or give him a monetary gift without a Special Needs Trust in place?
- What should I tell family members that wish to leave my special needs child part of their inheritance?
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