Elder Law

[mrwesley]

What is the name of your state? New York

I am retired, on a fixed income and would like to know what options I may have regarding receiving my share of an inheritance, without compromising my retirement income and medical benifits.

 

[anteater]

I don't know how receiving an inheritance would compromise retirement income.

What medical benefits are you referring to?

 

[FlyingRon]

Well it would probably make him ineligible for certain medicaid benefits, but if he is still getting some sort of retirement income, he's probably not eligible for those anyhow.

If the goal is to preserve inheritance for other heirs and not require the use of these funds for his medical expenses, and the person form whom he expects to receive this money from is still alive, then there are vehicles (trusts) that can possibly provide for this.