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  1. #1

    Default Stopping SSI in New York

    My father has a terminal illness and needs to transfer his house to me in order to qualify for medicaid. I recieve ssi, and am going to have a special needs trust set up, but I was wondering, if I were to go off of ssi and sell the house outright, could social security require me to repay any of the monies I received while on ssi?

  2. #2
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    Default Re: Stopping SSI in New York

    If the house is transferred to you after you terminate your benefits? I've never heard of that happening.

  3. #3

    Default Re: Stopping SSI in New York

    Well, that is one scenario. Unfortunately, the transfer has to take place quickly, what if the house were transferred to me before I terminated my benefits, but would cancel soon after the transfer?

  4. #4
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    Default Re: Stopping SSI in New York

    It seems possible that you're potentially setting yourself up to have to pay back some SSI benefits, while costing your father any homestead exemptions he enjoyes and engaging in a transfer which may make the entire value of the house available for Medicaid. Consult a lawyer who is familiar with Medicaid financial planning.

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