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I’m on SSI. my mother said I’m going to get some money when she passes away. SSI will take my check and insurance away if I get my inheritance. Can I get a trust or power of attorney over my finances to protect my inheritance? It’s not like it’s going to be 100,000 dollars or anything... just a few thousand. Any help is greatly appreciated.
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Hi, I would look into an ABLE account through SSA.
Scott Bocchio, Esq.
Legal Rights Advocates
Answered on Jan 18th, 2021 at 7:23 AM
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A power of attorney will do you no good.
Try an account with ARC of Texas Master Piooled Trust or, if the amount is no more than $15,000, an ABLE Account (www.stable.org). Be sure that the money is in one of these in the same calendar month in which it is received.
Answered on Jan 17th, 2021 at 5:25 AM
This is general information. It cannot substitute for a personal consultation with an attorney. It is not intended to be legal advice or imply an attorney-client relationship.