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Can my personal property be seized if my only source of income is Social Security and Veteran's Disability benefits?
Wiki User
∙ 15y ago
Social Security and disability benefits are exempt by federal law from garnishment by judgment creditors. It is very important that the debtor does not commingled exempt funds with non exempt funds to avoid the possiblity of the account being "frozen" by the court until the issue is resolved.
A judgment creditor can, however, seize any other non exempted personal property such as bonds, stocks, etc. or place a lien against real property belonging to the debtor.
Wiki User
∙ 15y ago
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IS SOCIAL SECURITY DISABILITY SEPARATE PROPERTY IN A DIVORCE IN TEXAS?
Social Security benefits for a disability are awarded to the individual. There are not real or personal property and are not subject to community property laws.
When you are awarded Social Security Disability why do you have to repay a portion of your benefit to the insurance carrier when you paid LTD benefits through your employer with after tax dollars?
There are two circumstances in which you would have to repay benefits once you qualify for Social Security disability benefits:The first is if you own an individual Disability policy that includes a Social Insurance offset benefit. Social Insurance benefits are benefits that the insurance company pays on a disability claim, but will offset dollar-for-dollar with social security benefits.The second is if someone receiving benefits from a group Disability policy is eligible for social security benefits. Every group policy will have a provision in the contract that explains how benefits will be handled when a claimant is eligible for social security benefits. As much as group policies are great because they are less expensive and usually can be obtained without medical underwriting, the contract itself is not as good. In a sense, you get what you pay for. Most group disability policies will offset dollar-for-dollar with any social security benefits received, including personal and family benefits. In many situations the amount you will receive from the actual disability insurance company will be minimal.More specific to the question being asked - it can take a long time for social security benefits to be approved and paid. Therefore, many times the insurance companies will pay out benefits during months in which a claimant was technically eligible for social security benefits. Once the social security benefits are approved and paid, the claimant will be expected to repay the insurance company for all benefits paid that would otherwise have been offset. A claimant will not be expected to repay benefits for months in which they were not eligible for social security disability benefits.
Can you receive disability benefits from employer and a private DI policy?
We have a personal Disability Insureanc Policy for my husband. He is currently working on commission and is about to undergo knee replacement surgery. Can he get benefits from both his employer and our personal policy?
Will moving to another state affect your disability benefits?
Your individual disability insurance policy is portable and benefits will not be affected by moving to a different state. If you have disability insurance through your employer, and move in a new state while working for the same employer, benefits will not be changed. However, if you leave your employer, you may lose the disability insurance benefits through a group DI policy. If you are currently disabled and are receiving disability benefits from the state, you will have to check with the new state regulations on social security DI; If you are receiving benefits through a personal/ individual insurance policy from an insurance company, then benefits are not going to be affected by the state of residence.
Can your US Social Security Disability benefits be garnished in a civil landlord lawsuit?
If the question refers to a civil judgment for debt the answer would be no. All Social Security benefits are exempt from garnishment by creditors. If the question relates to child support obligations all SS benefits are subject to garnishment. In matters of personal injury awards depending upon the circumstances of the case SS benefits may subject to garnishment.
What causes a disability?
A disability is caused by an accident or illness. The illness can be acute or chronic. Whether or not you're eligible to receive any benefits due to your disability depends on what kind of insurance coverage you have. If your disability is work-related, you may be entitled to workers comp benefits that your employer may have purchased. In most states, this is required. You may also be eligible for government benefits that you've paid for with income taxes. If your disability is not work-related, you still may be eligible for government benefits or you may purchased a personal disability insurance policy to pay you benefits. Whether you receive disability benefits from your own insurance policy or a government plan, the definition of disability contained in the policy will tell you what constitutes a disability. Did you mean to ask, what is the definition of disability? That can vary from policy to policy and, since that kind of insurance can be very complex, I would check for your particular policy. mcdlife.com
What qualifies as a disability to be able to get disability income?
Here is input and advice from FAQ Farmers: * No, but in most cases you can only buy up to 60% of your current income and you must be emplyed FT. 4lifeguild * Generally 20 to 25K. It's not a law. Check with your agent. State Disability and Social Security is mandatory. * Yes. The monthly benefit of personal disability insurance is determined by your income.
Which two programs managed by the Social Security Administration pay monthly disability benefits to people younger than age 65 who cannot work for at least a year because of a severe disability?
I know from personal experience that Social Security will pay disabled individuals who are deemed permanently disabled. That is through FICA, the Federal INSURANCE contribution act. Most people do not know that FICA is an insurance plan that not only pays when an individual reaches retirement age but also for disability, survivor's benefits to children under 18 whose parent has died, and a whole $250 burial benefit (which hasn't been changed or upgraded since inception of the act in 1936). For those who have not earned sufficient amounts to have social security pay, a permanently disabled can receive SSDI, Social Security Disability Income which is separate from the regular SSD (Social Security Disability) program. A massive hemorrhagic stroke disabled me to the point that I could not walk, talk or, of course, do any work. It has taken YEARS to get to the point that I'm at now. When I turned 65, my disability income from SSD (I had been a computer engineer when I had the stroke) converted to regular Social Security and I continued to receive the same amount as when I was receiving disability income. Hope that helps.
What services does Security Insurance Services Inc offer?
Security Insurances Services Inc offers business insurance including property / liability and workers compensation products to cover all commercial business needs and personal insurance including home and auto contents insurance. It also offers services to help with employee benefits like health, dental and disability.
What are the benefits of using a safe for security reasons?
The benefits of using a safe for security reasons is because one can secure personal information or belongings in a safe to protect it from other people. One can also protect one's property from animals or small children.
Are there limits or regulations on benefits under a Disability Income Rider?
Although this question is not very specific or addressing a specific Disability insurance rider, the answer is Yes. There are certainly limitations/regulations on benefits under the various Disability insurance riders available.Every insurance company will have their own personal version of each of the normal policy riders available. You should reference either sample policies, or proposals from the various insurance companies in order to get a better understanding of the differences. Personal proposals/illustrations will often give details relating to the limitations/regulations associated with each rider.A perfect example is the Residual Disability rider. The main idea behind this rider is that it provides benefits for partial disability claims. However, some companies will pay proportionate benefits, some will pay enough benefit to bring you to 100% of prior income, some will include recovery benefits and others will not.It is helpful to work with a Disability insurance specialist for this exact reason. Disability insurance can be very comprehensive and detailed, making it difficult for the average person to distinguish or compare.
Can you collect short term disability from two different employers at the same time?
Yes. For more information you might want to check out the links on the right. If you injury was work related in the first place, I'm not sure why didn't file a worker's compensation claim. If you do file a worker's comp claim, the disability insurance company will likely want to collect much of the money you receive because typically worker's comp is an offset or an exclusion from disability plans.
