If you are collecting SSD, then you can do whatever you wish as far as other assets. If you are collecting SSI, then you are limited in what you can own as assets. On a more long term basis, if you think you will need nursing home care and that medicaid will be needed to pay for that, then you must keep in mind the penalty provisions of the medicaid laws and the 5 year lookback provisions of it. It sounds like you should speak to someone well versed in Medicaid and SSD/SSI planning to determine what your options might be. This is a very tricky area of the law and one mis-step can cost you dearly.
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I agree with Mr. Warshaw. SSDIB, not being needs based welfare, is not implicated. However, if the disabled person may one day need long term care, with Medicaid paying for it, certain assets will count. An SSD/SSI proficient estate planning lawyer would be helpful here, so you may want to set up such a consult.
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If you are on Social Security Disability and not SSI, you can have a miilion dollar home or assets over a million dollars. Social Security Disability (at least for the present) does not count other assets or other income. It does get reduced in you receive workers compensation.
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