My brother-in-law is in the process of submitting requested documents to determine his financial eligibility for SSI benefits. He has already been given a fully favorable decision by the ALJ. The past year he has had several bank accounts with assets that put him over the allowed limit of $2,000. He has to submit all his bank statements. Our questions are:
1. Can the SSA view all of his banking activity, including deposits and withdraws for the entire month on their own ?
2. When he submits his bank statements, do they have their own to compare it to ?
3. Would they take into consideration that one of the bank accounts was given to his mother to use? No, she is not on the account has a joint-owner. She is unable to get her own bank account due to reasons unknown to me.
4. He was over $2,000 in total assets for several months, if you add all the accounts together. Most of that money was borrowed, and he has written loan agreements to account for almost all of the extra money. Do the loans count against that $2,000 limit?
5, He owns an older vehicle, worth no more than $500. Does the value of the vehicle count toward the $2,000 limit?
He has to turn in all of his documents by Friday and is rather stressed out. I am not familiar with this and am hoping to find answers on here. Thank you in advance.
1. Can the SSA view all of his banking activity, including deposits and withdraws for the entire month on their own ?
2. When he submits his bank statements, do they have their own to compare it to ?
3. Would they take into consideration that one of the bank accounts was given to his mother to use? No, she is not on the account has a joint-owner. She is unable to get her own bank account due to reasons unknown to me.
4. He was over $2,000 in total assets for several months, if you add all the accounts together. Most of that money was borrowed, and he has written loan agreements to account for almost all of the extra money. Do the loans count against that $2,000 limit?
5, He owns an older vehicle, worth no more than $500. Does the value of the vehicle count toward the $2,000 limit?
He has to turn in all of his documents by Friday and is rather stressed out. I am not familiar with this and am hoping to find answers on here. Thank you in advance.
Disability Benefits: : Financial Eligibility Review for Ssi: Submitting Bank Statements
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