Legal Question in Social Security Law in California

SSI and money from Grandmother

My son is 19 and disiabled. He has been on SSI since he was about 2. My mother passed away in November. She had an account setup with both of their names and her social security number with $10000. The bank now will be putting the money into my son's name with his social security number. The money is either for him to attend college (which he is not ready to do yet) or for a downpayment on a house in the future. What can I do so that he doesn't have to spend the money to insure that he continues his benefits? I'm not sure if any of SS's programs would cover this as an exemption of resources. Thank you!


Asked on 3/18/08, 4:50 pm

1 Answer from Attorneys
MARK GEYER LAW OFFICES OF MARK MITCHELL GEYER

Re: SSI and money from Grandmother

Hello!

SSI is NOT disability. Supplemental Security Income! If your son obtains the $10,000 he will lose benefits as he is allowed to retain generally $2,000 in assets and an interest in a car not to exceed $4500. There are other exemptins, but he will lose benefits. Are you secure in the fact that you are not his trustee? If you are, you can control the monies for him and keep it out of any depository account attributable to his SOC SEC number. Right now the mney is under your Mother's SS number. Capisch?

I hope this has been helpful

Read more
Answered on 3/18/08, 6:25 pm


Related Questions & Answers

More Social Security Law questions and answers in California