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Question about dedicated account for disabled child
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<blockquote data-quote="rlsnights" data-source="post: 314189" data-attributes="member: 7948"><p>This is an excerpt from the regulations I linked for you. I have bolded the section that appears to apply to your situation.</p><p></p><p>5) <strong>The restrictions described in this section </strong>and the income and resource exclusions described in §§416.1124(c)(20) and 416.1247 <strong>shall continue to apply</strong> <strong>until </strong>all funds in the dedicated account are depleted or <strong>eligibility for benefits terminates</strong>, whichever comes first. </p><p></p><p>Unless he is temporarily ineligible for benefits (usually this would be due to an unexpected influx of income that pushes him temporarily over the income or asset limit) then the money is yours/his to spend as you will.</p><p></p><p>Since you list your child as being only 13 the exception that applies if he has turned 18 does not apply.</p></blockquote><p></p>
[QUOTE="rlsnights, post: 314189, member: 7948"] This is an excerpt from the regulations I linked for you. I have bolded the section that appears to apply to your situation. 5) [B]The restrictions described in this section [/B]and the income and resource exclusions described in §§416.1124(c)(20) and 416.1247 [B]shall continue to apply[/B] [B]until [/B]all funds in the dedicated account are depleted or [B]eligibility for benefits terminates[/B], whichever comes first. Unless he is temporarily ineligible for benefits (usually this would be due to an unexpected influx of income that pushes him temporarily over the income or asset limit) then the money is yours/his to spend as you will. Since you list your child as being only 13 the exception that applies if he has turned 18 does not apply. [/QUOTE]
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