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Would you refuse a $300k inheritance to keep your welfare benefits?
Posted on 9/19/25 at 3:30 pm
Posted on 9/19/25 at 3:30 pm
Saw this on reddit today. Kinda mind blowing how some poor people think.
The comments in the thread are even better
LINK
The comments in the thread are even better
LINK
16
Posted on 9/19/25 at 3:33 pm to TigersHuskers
Seems like the disabled baw ran the numbers, and realized the government was going to pay him more than 300k in benefits over his expected lifespan.
Posted on 9/19/25 at 3:34 pm to Ghost of Colby
I doubt the guy is even disabled. Ive noticed that a good chunk of people on disability shouldn't even be on it.
Posted on 9/19/25 at 3:35 pm to TigersHuskers
Imagine you turn it down and then a hardcore libertarian wins the next election and cuts all the benis
Posted on 9/19/25 at 3:35 pm to TigersHuskers
Might be a good case for a special needs trust.
quote:per Google ai overview
A first-party special needs trust is a legal arrangement that holds assets belonging to a person with a disability, allowing them to maintain eligibility for government benefits like Medicaid or Supplemental Security Income (SSI) while still using their own money for supplemental expenses. The trust is funded with the individual's assets, such as from a personal injury settlement or inheritance, and must be established by the beneficiary, a parent, guardian, or court before the beneficiary turns 65. A crucial feature of a first-party trust is the "Medicaid payback provision," which requires the state Medicaid agency to be reimbursed for services it provided to the beneficiary after the beneficiary's death, before any remaining funds can be distributed to other beneficiaries.
Posted on 9/19/25 at 3:35 pm to Ghost of Colby
Within less than a decade, he is ahead. Add the medical insurance and cost scam and he might make 5 years, if he is healthy.
Posted on 9/19/25 at 3:37 pm to justaniceguy
quote:
libertarian wins the next election
Posted on 9/19/25 at 3:38 pm to TigersHuskers
quote:
Ive noticed that a good chunk of people on disability shouldn't even be on it.
You familiar with the ssi disability status of the people around you?
You hang around a lot of people on welfare?
Posted on 9/19/25 at 3:40 pm to TigersHuskers
Pretty sure on SSI and Medicaid you cant turn down an inheritance.
Posted on 9/19/25 at 3:40 pm to Saintsisit
OP just blew the dudes cover.
Posted on 9/19/25 at 3:42 pm to TigersHuskers
Depends on how disabled. Like if buddy needs 15K a month, then yea, keep the benefits. If needs like 500-1K, take the inheritance and invest it.
Posted on 9/19/25 at 3:43 pm to TigersHuskers
quote:
I doubt the guy is even disabled. Ive noticed that a good chunk of people on disability shouldn't even be on it.
It’s almost a guarantee he isn’t disabled. He has some accounting acumen. At the very least, he could work part time at H&R Block during tax season, but that would probably cut into his disability benefits also.
Posted on 9/19/25 at 3:43 pm to TigersHuskers
You see, this is the reason why so many conservative minded people want to completely burn the entitlement structure to the ground and start over. The fact that he’s debating this is insane.
Additionally, inheritances shouldn’t be taxed.
Additionally, inheritances shouldn’t be taxed.
Posted on 9/19/25 at 3:45 pm to TigersHuskers
Google says that he could have thrown that $300k into a trust and keep the welfare benefits.
Posted on 9/19/25 at 3:48 pm to JohnnyKilroy
quote:
You hang around a lot of people on welfare?
See his last thread.
Short answer, yes
Posted on 9/19/25 at 3:51 pm to Oilfieldbiology
quote:
Additionally, inheritances shouldn’t be taxed.
They aren’t unless your estate is worth 10s of millions of dollars and if it is, you have enough money to avoid the estate tax anyway through planning
Posted on 9/19/25 at 3:51 pm to Oilfieldbiology
quote:
Additionally, inheritances shouldn’t be taxed.
There's no Louisiana inheritance tax. That's true for all but a handful of states. Federal inheritance tax doesn't kick in until around $13 million.
Posted on 9/19/25 at 4:17 pm to TigersHuskers
End all federal entitlement programs now.
Posted on 9/19/25 at 4:18 pm to TigersHuskers
This gentleman needs to call JG Wentworth.
Posted on 9/19/25 at 4:33 pm to atxfan
If I am disabled and I really can't enjoy the $300k and it would all go to bills. I would give it to someone else and have them just buy me a couple things
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