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  1. #1
    Join Date
    Nov 2007

    Default Inheritance Affecting SSI Benefits

    My sister receives SSI and resides in NJ. She just inherited $20,000 from my brother's estate. If she converted the entire 20K into a car ( which I believe is an excludable resource) during the first month would she lose her monthly SSI check? Also if she decided not to buy a car could she get her SSI benefits reinstated easliy once she spent the cash?

  2. #2
    Join Date
    Mar 2005

    Default Re: Inheritance Affecting SSI Benefits

    The Social Security Administration instructs:
    Quote Quoting Will an inheritance affect my SSI benefits?
    Question - I get Supplemental Security Income (SSI) because I am elderly and have no income. My brother recently died and left me the money he had in a savings account. Will this extra money affect my SSI benefits? Will my SSI payments stop?

    Answer - The money inherited from your brother is considered income for the month you receive it and could make you ineligible for that month, depending on the amount of the inheritance. If you keep the money into the next month, it then becomes a part of your resources. An individual cannot have more than $2,000 in resources to remain eligible. Call Social Security at 1-800-772-1213 and report the inheritance. They will tell you how your eligibility will be affected and what you can do to remain eligible.

    People who are deaf or hard of hearing may call our toll-free TTY number, 1-800-325-0778, between 7 a.m. and 7 p.m. on Monday through Friday.

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