If I am filing for disability, Do I have to report any inheritance money I get. It will be in the state of Texas.

Asked over 2 years ago - Austin, TX

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Attorney answers (3)

  1. Kelie Cummins Schneider

    Contributor Level 10

    3

    Lawyers agree

    Answered . Absolutely.

    You must report any lump sum of money that you recieve while you are on Disbaility. However, it may not affect your benefits. If you are eligible for SSD benefits (which are based on your work history and disability) your resources do not matter. If you are only eligible for SSI benefits (which are based on your income and disability), this will affect your benefits because it is a needs-based program.

    However, you must report it to the Social Security Administration.
    Failure to do so may result in an overpayment - where Social Security will ask you to repay an amount back to them because you continued to collect benefits while you were not eligible to do so.

    This answer contains general information only; and it is not intended as legal advice. It is not intended to and... more
  2. Brian S Wayson

    Contributor Level 19

    3

    Lawyers agree

    Answered . For example, for Supplemental Security Income (SSI) those funds sitting in a bank account or another investment would be considered a resource (and if above $2000) make the individual ineligible for SSI benefits. One possible way to work around this is to place the funds into a special needs trust that restricts how the money may be spent - these are a bit tricky to set up so one needs a lawyer well-versed in special needs trusts to assist in establishing the trust.

    Special Needs Trusts:

    http://www.paelderlaw.com/pdf/special_needs_ben...

    http://www.nsnn.com/frequently.htm

    http://www.mcandrewslaw.com/articles/abcs_of_sn...

    Disclaimer Information on this site is provided by Brian Scott Wayson as general information, not legal advice,... more
  3. Clifford Michael Farrell

    Contributor Level 19

    2

    Lawyers agree

    Answered . If you are getting SSI, you must report ALL money you get - lottery, inheritance, gifts, etc......

    If you are getting SSDI, you are only required to report receipt of workers' compensation benefits, earnings, or other types of disability payments. Rather than face questions later on, though, it is always better to report everything, get a receipt showing you reported it, and keep the receipt.

    The exact answers to questions like this require more information than presented. The answer(s) provided should... more

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