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Can you invest in real estate while receiving social security disability benefits?
Yes, and in any other investment, since SSDI is simply accelerated Social Security Benefits you would be entitled to due to your work history and the fact you paid taxes during your working career. The SS administration simply estimates what a disabled person would get at full retirement age had they not been disabled and pays the benefit to the disabled person when they qualify as disabled. So, the money is up to the recipient to do with as they please and has nothing to do with checking accounts or savings account or any other assets.
SSI benefits, confused with SSDI, is "needs based" and IS affected by a low-income persons assets.
What else can I help you with?
In ga when do you pay Estate Attorney?
You pay an attorney at the time you hire him/her. This is called a "retainer". There are two exceptions: When you retain an attorney for the purpose of receiving Social Security benefits, and when the attorney is working "pro bono", or without charge.
Does a life estate affect disability?
A life estate does not have an affect on someone's disability. It may certainly affect their ability to collect disability payments.
Do handicapped children of a deceased father have any claim to the estate?
The father is required to provide for his minor children. They can file a claim against the estate in court if they were left out of a will. However, state laws treat adult children differently and state laws vary regarding the ability to disinherit adult children. This issue can be quite complex, so I would advise you to contact a local attorney who specializes in disability law regarding this matter. The attorney must be familiar with disability law since any funds that come into the estate of a person receiving benefits can affect those benefits. See the link below for a discussion of Special Needs Trusts
What benefits are there to using Transunion as a credit monitoring sight?
There are many benefits to using Transunion. Some benefits of using Transunion as a credit monitoring sight include: medical, dental, vision, disability, paid time off, 401(k) and real estate assistance.
What are the tax implications of receiving an estate gift?
Receiving an estate gift may have tax implications depending on the value of the gift and the estate tax laws in place. In the United States, estate gifts above a certain threshold are subject to estate tax. However, recipients generally do not have to pay income tax on the value of the gift they receive. It is important to consult with a tax professional to understand the specific tax implications of receiving an estate gift.
What happens after the person dies that is paying child support dies and it is coming out of his social security benefits?
In a case such as this, I suggest that the obligee file an estate claim for the unpaid support.
Will I lose my retirement accounts or payments from social security if I file for bankruptcy?
Generally, no. Retirement accounts that are ERISA-qualified aren't considered property of an estate and cannot be taken. Social Security benefits are generally protected from assignment, or garnishment for debts in bankruptcy. The Social Security Administration's responsibility for protecting benefits against legal process and assignment usually ends when the beneficiary is paid. Once paid, the benefits continue to be protected only as long as they can be identified as Social Security benefits. For example, money in a bank account where the "only" deposits into the account are direct deposits of Social Security benefits are "identifiable" and generally protected.
What happens to the funds acculmulated over a period of time of a Nursing Home Resident who received Social Security benefits but has since died?
Nursing Home resident has accumulated a large sum of money in her account, from which social security benefits were received. Resident has since died, the family was told that the funds will be returned to Social Security. Why? Should these funds not be transferred to the individuals Estate?
Can you continue to collect unemployment until you get your first real estate commission?
Each state has its own definition of when benefits terminate. Check with your state's employment security office for clarification.
Is a mortgage used to provide security for the note?
No. The real estate is used to provide security for the note. The mortgage is executed to grant the lender an interest in the real estate until the debt is paid.No. The real estate is used to provide security for the note. The mortgage is executed to grant the lender an interest in the real estate until the debt is paid.No. The real estate is used to provide security for the note. The mortgage is executed to grant the lender an interest in the real estate until the debt is paid.No. The real estate is used to provide security for the note. The mortgage is executed to grant the lender an interest in the real estate until the debt is paid.
How can one legally obtain a deceased individual's social security number?
It is illegal to obtain a deceased individual's Social Security number without proper authorization. If needed for legitimate purposes, such as settling their estate or accessing benefits, you can request the number from the Social Security Administration with proper documentation and authorization.
How can one legally obtain a deceased person's social security number?
It is illegal to obtain a deceased person's Social Security number without proper authorization. If needed for legitimate purposes, such as settling their estate or claiming benefits, you can request the number from the Social Security Administration with proper documentation and authorization.
