Can a senior lose their SSI Benefits if they have a supplemental trust?
Whether a trust affects someone's eligibility for SSI (Supplemental Security Income)depends on the terms of the trust. SSI eligibility is based on a person (of qualifying age or disability) having very low income and assets. So, whether a trust affects that eligibility depends specifically on whether the person receives any income from the trust, and whether any of the funds or other assets in the trust are actually available to the person. If the trust only provides that a person may receive funds at some indefinite future time, it might not affect SSI eligibility. On the other hand, if the trust provides any current income, or allows the person immediate access to trust funds, that income or funds would be counted by the SSI program in determining the person's eligibility. Also, funds to which a person has access are counted even if the person does not actually remove funds from the trust.
my mom and dad both get like $24 a month ssi and dad been get some va disability and $560 a month social security disablity,he got letter today stating hes reached full retirement age and no longer be gett ing social security disability its being converted over to retirement benefits of the exact same amount $560 so there income will not increase and he is very concerned will he lose his ssi benefits which help him get medicaid extra help.hes thinking since he no longer getting disability due to retirement age they will take away his ssi and medicaid.im thinking everything will stay the same since income is the same but im not sure can you please advice. thankyou
