inheritance

Submitted by Anonymous (not verified) on

What will happen to my benifits if I inherit any money?

Nikki (not verified)
Thu, 12/14/2017 - 20:35 Permalink

My brother receives SSDI. Our father died and he is a beneficiary on 2 IRA. If he cashes in the inherited IRA will it affect his benefits?

Yvonne (not verified)
Thu, 10/10/2019 - 15:03 Permalink

My father recently passed. I have inherited his home and purchased one for my family. The family has decided to rent out his home instead of selling it. I am on SSDI, will the purchase and renting out my fathers home effect my SSDI benefits? I also will start receiving a nominal monthly amount from his investments, will this effect SSDI? Do I need to inform SSDI of these changes?Thank You

mts

In reply to by Yvonne (not verified)

Fri, 10/11/2019 - 14:40 Permalink

Hi Yvonne,

SSDI is based on your own work history and not any forms of income. Therefore there should not be any changes to your benefits.

Jose (not verified)
Tue, 11/05/2019 - 16:33 Permalink

I have been receiving benefits for a couple of years now and just discovered I am going to receive an inheritance of around 50k from a recently passed relative. I understand that SSDI benefits will not be affected by the inheritance, but SSI benefits could be affected. My problem is I honestly don't remember which government alphabet soup is it that I receive, SSDI or SSI. Is there a simple place I can double-check which I actually receive? Would the social security website have it?

CM

In reply to by Jose (not verified)

Fri, 11/08/2019 - 14:38 Permalink

Hi Jose,

You can call the SSA at 1 (800) 772-1213 to retrieve any information about your benefits.

Anonymous (not verified)
Sun, 12/01/2019 - 22:55 Permalink

I was awarded disability benefits in 2017. I was also awarded a settlement from a car accident I was in. My question is how can I receive my disability and still benefit from my automobile accident settlement?

mts

In reply to by Anonymous (not verified)

Tue, 12/03/2019 - 15:48 Permalink

Hi,

Disability is not based on income. It is only based on your previous work history, therefore there should be no changes to your disability. For more details about your specific case, you can always give your local SSA office a call.

MIKE (not verified)
Tue, 12/10/2019 - 09:44 Permalink

What is the diference between SSDI and SSI.

rsg

In reply to by MIKE (not verified)

Tue, 12/10/2019 - 17:28 Permalink

Hi Mike,

In short, SSDI and SSI both have the same medical requirements (outlined in the Blue Book). To also qualify for SSDI, you'll need to have enough work credits (which are earned by paying into Social Security taxes - the amount needed varies with age). For SSI, the amount of work credits you have doesn't matter. Instead, it's based on income. You will need to be within the SSA's income limits to qualify for SSI.

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