Inheritance windfall/High assets - LOW income

MattsMomFL
Mon, 19 May 2008 11:10:40 +0000

Not true. Non-liquid assets are still assets. The only non-liquid assets that are not reported are the primary residence and specifically defined retirement accounts (I call these non-liquid since there are penalties to their withdrawal).

If you buy a second home, for example, that second home is an asset that must be reported.



Actually, I wasn’t referring to a second home, but a new primary home.