haapai
Junior Associate
Character
Joined: Dec 20, 2010 20:40:06 GMT -5
Posts: 5,984
|
Post by haapai on Oct 28, 2016 19:35:03 GMT -5
I know that it is possible to refuse to accept what is left to you in a will. Can you do the same if a person dies intestate? If you are currently receiving asset-tested assistance, and you refuse an inheritance that would get you ousted from a program that has a heck of a waiting list or lead time, do you get penalized?
|
|
swamp
Community Leader
THEY’RE EATING THE DOGS!!!!!!!
Joined: Dec 19, 2010 16:03:22 GMT -5
Posts: 45,622
|
Post by swamp on Oct 28, 2016 19:37:35 GMT -5
You can renounce an inheritance, both by will and by intestacy. No penalty
|
|
haapai
Junior Associate
Character
Joined: Dec 20, 2010 20:40:06 GMT -5
Posts: 5,984
|
Post by haapai on Oct 28, 2016 19:44:17 GMT -5
Thank you for answering the first part of the question.
Could you clarify your answer to the second part. Do means-testers get involved when someone does this?
|
|
swamp
Community Leader
THEY’RE EATING THE DOGS!!!!!!!
Joined: Dec 19, 2010 16:03:22 GMT -5
Posts: 45,622
|
Post by swamp on Oct 28, 2016 19:45:09 GMT -5
No. you don't have the money to declare.
|
|
haapai
Junior Associate
Character
Joined: Dec 20, 2010 20:40:06 GMT -5
Posts: 5,984
|
Post by haapai on Oct 28, 2016 19:57:44 GMT -5
Interesting! Quite frankly, I was under the impression that this was the case, but felt the need to check.
|
|
