Will inheriting affect my eligibility to receive disability?Someone asked the question "If I receive an inheritance, will I lose my disability payments?" Depending on the stipulations set forth in the inheritance, this is how it would be processed. If it is just a basic inheritance, it will not be a problem for Social Security Disability beneficiaries, because the title II program does not care about assets in any sense. However, if SSI is involved, it gets more complicated because with SSI a person is not eligible to receive benefits if they have at least $2000.00 in countable assets. Say he inherited $2000.00 in cash. The money would be counted as income the first month the inheritance was received and as a resource until the money is spent. So what does that mean? It simply means that after the first month of receiving the inheritance, any amount the person has that is in excess of $2000.00 will make them not eligible to get SSI. It also means that once the individual has spent money on legitimate things (remember to keep receipts), down to under $2000.00, which is the asset-resource limit for an individual (for couples, the limit is $3000.00), the individual can receive SSI again. The best advice, of course, for someone who has received an inheritance is to contact their local social security office so the issue of the inheritance can properly be addressed. The last thing a person wants to do is be charged with an overpayment. 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: Filing a new disability application with Social Security Social Security Disability or SSI and garnishment Applications for disability can be difficult Applying for disability with seizures How to file for disability in Utah Help your disability case with a congressional inquiry How to file for disability in Maryland Time on a Social Security Disability Decision How to apply for disability for a child or children When to apply for SSI Should I get a lawyer after being denied at a hearing? Proving you are disabled for Social Security Disability SSI How much does disability pay? How long will you get disability after an award notice? If Social Security sends you to a psychiatrist |