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social security disabilty and inheriting money

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C

Canscot32

Guest
Recieving social security supplemental income, can a $20,000 inheritence effect my ssi benefits?
 


D

Diane _Arlington

Guest
Social Security

Absolutely, this will affect your receiving disability of any kind. I have spoke with a lawyer that specializes in Social Security disability and it's amazing how restrictive the US Federal laws are. Go to the Social Security internet sight and read for yourself what these restrictions are. Good Luck. Diane
 

ALawyer

Senior Member
SSI is a Federal Federal welfare program for people not capable of holding a job in the economy due to disability, who lack a sufficient work history to qualify under the Social Security Disability program. If you qualified for SSD you could be a millionaire and still get benefits. BUT as an SSI person, if you have assets the law demands that theyy should be used up first before taxpayers pay money to someone who does not need it. In many circumsatnces you can use the money you inherited to buy things that won't be counted as assets long term or fall under the thresholds (such as a very cheap used car) and then when your impovershed status resumes, go back on SSI.
 

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