What can you tell me about SSI and a cash inheritance?

Answer by  elb (1105)

The Social Security Administration counts cash inheritances as income the first month, reducing or eliminating your SSI eligibility that month. Anything left counts as a resource the next month. If your resources go above a limit, you lose SSI eligibility entirely. Resources cannot be given away; careful planning is important.

Answer by  smiithl01 (6)

SSI is Social Security supplement that help people that don't get enough social security benefits,so the state helps them with a certain amount of money call SSI. A cash inheritance is cash money that is left to someone in a Will Testament. It can be a relative , or someone who just want to leave a cash inheritance to someone.

Answer by  Tim55 (618)

If you are currently receiving SSI and you are at a point where you can inherit money, what value is worth more? this will be a big consideration.

Answer by  bouks999 (496)

To me SSI is given to you by the government. You can get it if you are disabled or elderly. A cash inheritance you would think if someone close to you passes away and gives you money in his or hers will.