Your SS Questions Answered: Without Having to Pay a Social Security Lawyer
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by: albert.tobega
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Q: Will my children get benefits if I get SSI?
A: When you consult a social security lawyer or apply for Social Security on your own, it is important to keep in mind that there are big differences between Social Security Disability Insurance benefits and Supplemental Security Income (SSI). One major difference is that, while children may sometimes be eligible for benefits under Social Security Disability Insurance (talk to a social security lawyer for details), under SSI they will not. Because SSI is considered to be a need based program, dependant benefits are not offered.
With Social Security Disability Insurance Benefits, however, you may be able to obtain benefits for your minor children. Your dependent childrens ability to get benefits will generally be based on your past earnings. Not all of those who apply for Social Security Disability Insurance Benefits qualify for dependents benefits. Those without a sufficient earnings history might not be approved. For more information, speak with a social security lawyer.
Q: If I have money in my bank account, can I be approved for SSI benefits?
A: If you speak to a social security lawyer, he or she will explain to you the consequences of SSI being a need based program. Those that qualify for SSI must earn little money and have few assets. And while every state has a slightly different resource limit for qualifying for SSI, there are a few general guidelines that a social security lawyer will give you when looking over your application.
In general, the following are considered "resources" that count towards your income:
• Coins and Currency • Bank Accounts • Stocks and Bonds • Land, Homes, etc. • Life Insurance • Cars, Trucks, and Other Vehicles • Personal Property
Though it is possible to be approved for SSI if you own a vehicle and one home, owning too many assets or "resources" can reduce your chances. In general you must have less than $2000 in the bank for an individual, or $3000 for a couple, to qualify for SSI. However, you will want to talk to a social security lawyer about the specific requirements for your state.
Q: Will they take away my benefits if I sell my house and make money off of it?
A: Like with most social security questions, the correct answer to this varies from person to person, and it is a good idea to consult a social security lawyer. If you do make money from the sale of a home, the amount of money you make will be the deciding factor in the effect on your SSI. If the profit from your home takes you over the "allowable value" of your resources at the beginning of the month, you will not be eligible for benefits for that month. And if that money stays in your possession into future months, your approval to receive SSI benefits may be questioned. If you are planning to sell a home, it is a good idea to consult a social security lawyer to understand how that sale may affect your benefits.
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