Will this extra money affect my SSI benefits?

Senior Citizen: I get Supplemental Security Income. My brother recently died and left me the money and he had a savings account. Will this extra money affect my SSI benefits? Will my SSI payments stop?

Social Security Representative: I was thinking a little bit about this while I was planning to give the answer. What I really wanted to add to this is that our clients need to actually ask these questions of us. You know, they’re great to talk about on our TV show, but if this is going to happen with a client, when do you think the client should come in and ask the question. You know, ten months after they got the money, or you know, when they find out that their NV will or in the state. Contact us, ask us the question, and we can help the individual to prepare better to have this money actually do have some good. You know, if you’re going to inherit $5,000 and you have to use the money for the funeral expenses, then we’re going to find a way that we don’t count this money if it’s all spent on the funeral bill.

But if you’re going to get that money and you’re going to be able to say pay off your car bill or car loan, then come in and talk to us and we’re going to advise you that the month you get the money that month you’ve got to go in there and actually pay it on this bill, so that you only lose your SSI for the one month.

But try not to ask these questions after the fact. When you’re on a benefit program like SSI, it’s best that the individual contact us. Go right into our website. We’ve got answer to some of these questions right there. You can search it out and ask, you know, income or inheritance affect benefits and the answer would be given to you right on our website, or give us a call and one of our telephone operators would be able to send you a pamphlet on Supplemental Security Income and that might explain the information a little bit better.

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