Ask the Expert: Son's direct inheritance
Photo credit: iStock | A new report said the Treasury Department approved all 18 requests it received last year to raise pay for executives at American International Group Inc., General Motors Corp. and Ally Financial Inc.
I'm 80 years old and want to leave my adult kids equal inheritances when I pass on. One child has received Medicaid and SSI benefits for 10 years. He doesn't want me to do a Supplemental Needs trust for him -- doesn't want to ask any executor for money all the time. If he inherits money directly, will he lose his benefits and have to pay back all previous benefits he has received?
Medicaid...
