2007-01-31 04:28:25 · 5 answers · asked by filk 1 in Business & Finance ➔ Renting & Real Estate
Yes. Many old people, in particular, do. Means testing can be involved where the person concerned has extra cash floating about. This is a useful link. http://72.14.253.104/search?q=cache:r9Flj46hOPsJ:www.ageconcern.org.uk/AgeConcern/3AE6C89DE88F425EAA2897E6DD358DE3.asp+england+disability+allowance&hl=en&gl=us&ct=clnk&cd=4
2007-01-31 04:42:42 · answer #1 · answered by Doethineb 7 · 0⤊ 0⤋
Yes you may own your home.
The issues and confusion occur when drawing SSI (Supplemental Security Income). With SSI you still may own your own home, but you cannot own rental property or anything which may be sold for income, aside from the home you live in.
If you are drawing straight disability, you may own rental property as long as you aren't doing any "work". You may benefit from the income, but you must not be doing the property management or the maintenance yourself.
2007-02-02 04:44:16 · answer #2 · answered by turnerzgirl101 3 · 0⤊ 0⤋
The answer to your question is YES, as long as the home is your principal residence -- it is not counted as an asset concerning SSA.
Please see the link below for more details...
Hope this helps
Take care,
2007-02-01 10:03:55 · answer #3 · answered by ipc.1008 3 · 0⤊ 0⤋
Yes, of course you can. Any particular reason for the question??? Need anymore help let me know...
2007-01-31 04:42:50 · answer #4 · answered by Anthony P 2 · 0⤊ 0⤋
yes
2007-01-31 04:35:56 · answer #5 · answered by Anonymous · 1⤊ 0⤋