My sister has an autistic child who receives social security disability benefits. She is about to receive $50,000 following the death of our grandfather. She wants to save that money to buy a house, but she is only allowed to have $2000 in the bank without affecting the benefits. If she already owned the house it wouldn't be an issue. We are trying to find a way to legally hide the money until she is ready to buy a house. I am considering opening a savings account in my name where the money can be parked, but I'm not sure if I can list her as a co-owner of the account without it being considered an asset. Also, I'm concerned about what happens if she deposits the check for $50,000 into her account and then sends me a check for $50,000 because her statement will still show the movement of $50,000.
We're not trying to fraud the government, we're just trying to make sure she can use the money to buy a house without it hurting her son's benefits.
Submitted May 14, 2017 at 03:12PM by movieguy95453 http://ift.tt/2rgesa3
