My Aunts are receiving inheritance from a long lost great Aunt of $50K usd each.
One has been intellectually disabled since childhood and is now in her 70's. This one time gift could hurt long time care and benefits she has survived off of for many years. She is currently dependent on my parents (and has been since my Grandmother died, which they were both dependent on my parents years prior while Alzheimer's took control of my Grandmother).
The other aunt is dependent on my parents since she is no longer able to work and had no savings for retirement. She gets some SS and has medicare b and my parents cover housing and utilities.
We are looking for advice on how to handle the financials of it. We don't want their money, but setting up a bank account for each will most likely hurt their chances at maintaining her current situation. We are speaking with an attorney this week but any suggestions or ideas or even things to ask are welcome?
Submitted May 01, 2017 at 03:51PM by Oscaruit http://ift.tt/2poSF0K
