What is the name of your state (only U.S. law)?
California
I was approved for SSI and SSDI a year ago.
I have received 3 large back pay payment installments.
One week after, what I thought, was the last installment, I was sent another huge payment that I was not expecting.
Now my bank account is well over the $2000 amount I thought I could have before SSI terminated my monthly payments.
My questions are: Do I have to spend all that money right away?
How long can I have it in my bank account before it gets noticed and what happens then.
Can I gift some of it to my mom for when she took care of me.
Can I take some and put it aside for future medical/dental procedures that I'm planning?
I'd also like to go back to school and use some of the money but its not like I can just pay for my collage education up front.
If anyone one could steer me in the right direction on some of these topics I would greatly appreciate it.
California
I was approved for SSI and SSDI a year ago.
I have received 3 large back pay payment installments.
One week after, what I thought, was the last installment, I was sent another huge payment that I was not expecting.
Now my bank account is well over the $2000 amount I thought I could have before SSI terminated my monthly payments.
My questions are: Do I have to spend all that money right away?
How long can I have it in my bank account before it gets noticed and what happens then.
Can I gift some of it to my mom for when she took care of me.
Can I take some and put it aside for future medical/dental procedures that I'm planning?
I'd also like to go back to school and use some of the money but its not like I can just pay for my collage education up front.
If anyone one could steer me in the right direction on some of these topics I would greatly appreciate it.