inherited $10,000 from my brother. Will I loose my Medi-Cal benefits?
Yes, unless you take action immediately. Any money or property that you inherit will become a non-exempt asset on the first day of the following month. This inheritance will disqualify you from Medi-Cal unless you transfer it out of your name. You can do this if you have legal capacity. If you do not have legal capacity but have a durable power of attorney with gifting authority, your agent/attorney-in-fact can transfer this asset out of your name. Either way, you should consult an elder law attorney to make sure that you/your agent is complying with Medi-Cal rules.
