Some kinds of government benefits, including some types of Social Security benefits, may depend, in part, on your other assets. However, the Social Security Administration (SSA) does not consider your other assets, such as inheritances, when determining eligibility for Social Security disability benefits.
Social Security disability is not based on financial need. Instead, your Social Security disability application was approved by the SSA because you have a qualifying disability that prevents you from engaging in substantial gainful activity (or earning an income) and you had paid into the Social Security system for the required amount of time. The SSA did not consider your assets when processing your Social Security disability application, and it will not go back and reconsider your eligibility based on your inheritance.
Your loved one left you an inheritance in order to make your life easier and to help you with your financial needs. You have the right to accept that gift without fear that you will lose your Social Security disability benefits.
Have Other Questions About Your Continued Eligibility?
Do not wait until the SSA notifies you of a potential problem to get help. Instead, stay informed about your rights and be confident in your claims. To find out more, take some time to watch our free videos, download a free copy of our important report, Social Security Disability: What You Need to Know, or contact us directly via this website to get your individual questions answered.
by Carl M. Weisbrod Managing Partner of Morgan & Weisbrod, Board Certified in Social Security Disability Law