Legal Question in Wills and Trusts in Illinois

I may be Coming into a Very Large Amount of Money, My Question is Will I lose My Soc. Sec. Disability Payments Or Will I have to put the Money in an IRA?


Asked on 2/01/11, 7:29 pm

1 Answer from Attorneys

This is a question that has no simple answer. You may loose your benefits with regard to certain entitlement programs, and that depends what the programs are. However, there are options that might allow you put the money into trust and still maintain your benefits.

This area of law is very complex and you need to discuss the planning with an experienced estate planning attorney who is knowledgable in disability trust law. If you need help finding such a person, contact the Bar Association in the County where you live, or the Bar ASsociation of the nearest large metropolitan area.

Good luck to you.

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Answered on 2/02/11, 8:35 am


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