What affect can an inheritance have on my disability?Social Security administers two disability programs: Supplemental Security Income disability (SSI) and Social Security Disability (SSDI). SSI eligibility hinges on income and resource limits, while SSDI is based upon your earnings prior to becoming disabled. If you are receiving SSDI, an inheritance will not stop your disability benefits because your eligibility is not dependent upon income or resource limits. Conversely, SSI is a need based disability program for those who have not earned enough to be entitled to SSDI. This program has income and resource limits that affect your eligibility. An inheritance would be considered a resource and any resource over $2000 may stop your SSI disability benefits. It is important to report an inheritance immediately to avoid any potential overpayment of SSI benefits. Dependent upon the amount of the inheritance, your benefits may be stopped for a significant period of time. If you are out of pay status due to having too much in assets, i.e. resources, for a period of longer than a year, you may have to qualify for SSI disability again. About the Author: Tim Moore is a former Social Security Disability Examiner in North Carolina, has been interviewed by the NY Times and the LA Times on the disability system, and is an Accredited Disability Representative (ADR) in North Carolina. For assistance on a disability application or Appeal in NC, click here. Most popular topics on SSDRC.com Social Security Disability in North Carolina Common Mistakes to avoid after being denied for Disability Tips to Prepare for Filing for Social Security Disability or SSI Advice to Win SSD and SSI Benefit Claims Social Security Disability SSI Questions What is the difference between Social Security Disability and SSI? How to get disability for depression Getting disability for fibromyalgia SSI disability for children with ADHD What is the Application Process for Social Security Disability and SSI? Social Security Disability SSI Exam tips More Social Security Disability SSI Questions What makes you eligible for Social Security Disability or SSI? Related pages: How long does it take to get disability in North Carolina after you are approved? What makes you eligible to qualify for SSI? Do I qualify for SSI disability? Will I be approved for disability on my appeal? Who is eligible to qualify for SSI? Does Social Security approve a disability application the first time? Who can file for SSI, who is eligible? Am I eligible for SSI or Social Security Disability? |
