3/21 Suppose your parents move all of their asset to the child, can they
qualify for SSI (additional income)? Will the transfer of asset
trigger some sort of audit, questioning, and such? Has anyone
done this?
\_ You are headed for prison.
\_ i doubt it, i know people who live in million dollar
mansions (in their child's name of course) and getting
SSI and Universal Lifeline and such. just do it, the
government owes you.
\_ If you gift more than $11k, you have to file a statement with the
IRS. SSI is not based on your assets though, so the real answer is
no.
IRS. |