- In: Buy Car
If i buy a car with a income my son gave me will a supervision take divided my amicable confidence illness nd money?
I wish to buy the car since my car is severely aged as well as unequivocally messed up. Ive been saving up income im 79 years aged as well as recieve medicaid as well as medicare as well as additionally my son gave me the little income to buy the car. Im unequivocally frightened which if i do buy the car they can take divided my income generally my illness benefits? we will buy the used car as well as compensate it cash. No borrowing i will compensate full. Can they take Away my benefits?
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Comments: 3 comments
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tonalc2
July 25th, 2010 at 2:13 pm
No, they can’t.
The worth of your car is excluded.
https://www.socialsecurity.gov/OP_Home/cfr20/416/416-1218.htm
However, if your son buys we a car as a gift, which will not equate as income, since a car does not yield we with food or preserve as well as will turn an released nonliquid apparatus underneath ยง416.1218 in a month following a month of receipt.
https://www.socialsecurity.gov/OP_Home/cfr20/416/416-1103.htm
assmaster69
July 25th, 2010 at 2:13 pm
i dont consider they can
unknown friend
July 25th, 2010 at 2:13 pm
It depends upon the manners where we live, how about if we buy the car as well as put it in your sons name. There is no law opposite we pushing your son’s car as well as no income trail for them to follow to you.
As prolonged as your the protected motorist we can expostulate anyones car with their permission.
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