Legal Question in Wills and Trusts in California
mother lives on social security income only-she may be inheriting a small amount of money $10,000 from someone she took care of -will this affect her social security and will she have to pay taxes on it?
Asked on 7/06/10, 4:51 pm
2 Answers from Attorneys
Michael Stone
Law Offices of Michael B. Stone Toll Free 1-855-USE-MIKE
1. Probably not. 2. No.
Answered on 7/06/10, 7:59 pm
Aaron Feldman
Feldman Law Group
It depends on the type of Social Security benefits she is receiving. For example SSDI (disability benefits) have income and asset limitations. If she is receiving Social Security retirement benefits then she should be fine. To get a complete answer, she should try calling the local County Bar Association for a free or low cost consultation where someone can look at the actual documents for her Social Security.
Answered on 7/07/10, 9:01 am
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