I have heard that the government will take most of the money because of the years I have been disabled. It isn't going to be that much, but it will help to fix my car and catch up my bills. I don't really expect her to go real soon but she will be 90 in February. She would like to get her will all ready and wrote. Thank you for your time and I hope you can help us with this.
2007-11-03 12:43:28 · 3 answers · asked by mimsy 1 in Business & Finance ➔ Personal Finance
Have her put this in a special needs trust for you. This way it will not affect your SSDI and you will still have access for your needs.
2007-11-03 12:51:06 · answer #1 · answered by Diane M 7 · 1⤊ 0⤋
If you are truly on SSDI and not SSI, an inheritance will not affect your benefits. SSDI is for those who are disabled and who have worked long enough under Social Security to qualify for benefits. Household assets don't disqualify you for SSDI benefits.
SSI is welfare, so an inheritance will affect benefits, since it is based on household income and assets. If this is what you are getting, the money could be left to you in a special needs trust to that you can use it without losing your benefits.
2007-11-04 12:44:28 · answer #2 · answered by Mama Pastafarian 7 · 0⤊ 0⤋
An inheritance will not affect your ssdi because you didn't earn it. SSDI is not based off of the amount of money you have, it is the amount of money you are capable of earning.
If you get SSI as well (non disability money) that might be affected for a short time.
2007-11-03 23:17:24 · answer #3 · answered by cng 4 · 0⤊ 0⤋