Do you have to use a money that's coming from your mother's death?

Question

This happened to me.
I did not work for that money, I tought its bad
fortune to keep money coming from my mothers insurance company.
I returned that money to the State of New Jersey by contribution.
Now I am in trouble, because the SSI office intimidates me to stop my check, because "I have had" $17 thousand dollar, but I did not report it.
?????????

Either way I have to get my check.
It happened two yrs ago, and people fought for the disabled. (And I worked to for, not having time to fight).
It is hard to get all the papers where I contributed the money back , but those places are also paid tax on it - I expect.

Answer 1

That money was yours. If you refuse it, it is still considered yours. You could take a heck of a tax break by donating back to the bank, but it will still be considered by SSI.

Any large sum of money is automatically reported, so the insurance company already notified the Social Security Administration.

Answer 2

You screwed up. . .

Your mother bought that insurance policy and listed you as its beneficiary. In other words, it was her gift to you. When your mother gave you a Christmas present or a Birthday gift, did you return it and tell her that you "didn't earn it"?

You might try getting the money back from the State, explaining you did not understand the nature of the money.

As far as the Social Security Administration is concerned, you are going to have to go to the office and try to explain what you did. They may relent when you prove to them that you actually gave away a generous, last, gift from your own mother. They may think you an ungracious fool, but they might let you have your checks. . .

Answer 3

I agree with Trooper3. Any money collected while you are SSI is counted toward the total amount recieved from them, therefore, whatever money you get, be it a job or inheritance, it can lower, disable or make it more difficult to ever get your SSI back. It must be reported, for your financial safety.

Answer 4

You should have gotten a receipt from your "contribution" to the State.

Your mother named you as beneficiary on her life insurance, she wanted you to have the money. This is the way these things work.

And yes, it was income and will reduce your SSI unless you can prove your donated all of the money.

Answer 5

You need to correct your Tax return for that year. When you file an ammended tax return, that amount counts as income, but then you also show that you donated it.

Answer 6

Donating money will make you liable to pay taxes which is a big amount. Thus, donate the money but reserve an amount for the taxes.

Answer 7

Man.......... (( I won't say it.))