Definition from Nolo’s Plain-English Law Dictionary
Property left outright to a person, rather than put into a trust or account. For those who qualify for SSI or Medicaid, direct inheritance may cause a reduction or elimination of those benefits because the inheritance is counted as income in the month received and as a resource in the following months. Property left to a special needs trust is not counted as direct inheritance.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:14 pm