Topic: My uncle passed away a year ago,I need friendly,helpful advice. thanks

[grcamna2]

Hi,I reside alone in Ca. now,came here from back East in 17'.
I receive a SS check(I'm over 65)once a month w/ no other income,except a bit of side work,mobile motorcycle repair,etc. once in a blue moon now and then,when I'm able to find it.
I live in a government subsidized apartment on a Section 8 voucher based on my income,which pays most of the rent;the rent here just went up,but my portion is still very affordable.
Based on my low income,I also receive Medicare for healthcare and I receive food assistance.
My Uncle passed about a year ago and his estate went to Probate.
I learned from the lawyer who's handling this for my deceased uncle that a check(of unknown amount)is due to be mailed out West here to me,among a bunch of other recipients.
I don't expect much,but it's better than nothing?
I just don't want to lose my eligibility to affordable housing and healthcare because of an inheritance check.

I ask,if you like,give me important/private info in a PM please. thx,Bill 

[scottly]

Bill, you won't lose your Medicare, regardless of income, but you may have to pay about $140 per month, which they will automatically deduct from your SS monthly payment if your income exceeds a certain level. I don't know how an inheritance would figure into that. 

[grcamna2]

Bill, you won't lose your Medicare, regardless of income, but you may have to pay about $140 per month, which they will automatically deduct from your SS monthly payment if your income exceeds a certain level. I don't know how an inheritance would figure into that.

That helps to hear scottly.

[BomberMann650]

Generally, the type of social security you receive is not determined by resources.  One time payments won't cause much issue.  Since its not money from a job.
 
That said, the state managed food program is resource based.  They'll adjust the amount of benefits until the money is spent.

[Tracksnblades1]

Inheritance checks are not taxed by the IRS.. if it’s large enough to earn an interest income the interest will become income and be taxable next year..

Since the IRS doesn’t tax inheritance checks one may forget to mention it.. if there is communication reciprocity then beg for forgiveness for overlooking your windfall.. if they catch it you’ll get a deduction like already mentioned..I’m my father’s poa and my wife and I reported everything until my attorney said you could just wait to see if they catch it..

🤔 I don’t know what communist California has in store though, probably like communist Illinois….?  😩

[scottly]

🤔 I don’t know what communist California has in store though, probably like communist Illinois….?  😩

Please don't go there.

[grcamna2]

 

Inheritance checks are not taxed by the IRS.. if it’s large enough to earn an interest income the interest will become income and be taxable next year..

Since the IRS doesn’t tax inheritance checks one may forget to mention it.. if there is communication reciprocity then beg for forgiveness for overlooking your windfall.. if they catch it you’ll get a deduction like already mentioned..I’m my father’s poa and my wife and I reported everything until my attorney said you could just wait to see if they catch it..

🤔 I don’t know what communist California has in store though, probably like communist Illinois….?  😩

    I get it