This isn't strictly a tax question, but I'm hoping maybe someone has run into it in their practice.
My father has a girlfriend who has very little money and lives in Section 8 housing. (They are both in their mid-80's.) He plans to leave her a modest sum of money, more than pocket change, less than life-changing.
The question is whether this inheritance would jeopardize her eligibility for the housing subsidy.
My own research indicates that the asset doesn't matter, but that the income thereupon will be treated as income and affect her subsidy. However, given the current low interest rates, the effect would be small.
Can anyone confirm this?