Since you are getting SSDI, rather than SSI, there’s no limit on your income or assets. We don’t anticipate any taxes or penalties on your inheritance. However, there would be the normal taxes on any interest income once you invest the life insurance proceeds and any taxes on the vehicle and camper.
Harry S. Margolis practices elder law, estate, and special needs planning in Boston and Wellesley, Massachusetts. He is the founder of ElderLawAnswers.com and answers consumer questions about estate planning issues here and at AskHarry.info.
