[blindlaw] ramifications of receiving Target settlementcheckfor SSI recipients

[Frye, Dan]

Colleagues:

The other alternative to this solution is that a Plan to Achieve
Self-Support (PASS) can be established with the Social Security
Administration if the recipient is in school or otherwise working toward
a vocational objective that can be clearly identified. The PASS, if
creatively written, can allow for fairly flexible use of the settlement
monies that, in this instance, would be funneled through the account and
thus not counted as income or resources for purposes of calculating
entitlement to SSI. Social Security has to approve these plans, but
details on how to prepare them and criteria for creating them are
readily available on the SSA Website. It requires a little planning and
attention to accounting, but it is an alternative means for legally
preserving one's SSI benefits when unexpected income and resources from
settlements of this nature or otherwise come one's way. IN general, I
think it would be fair to say that for a sum the size of the Target
settlements in question this approach would prove easier and more
appropriate than creating a special needs trust, but, of course,
everybody's circumstance will be unique. One using a PASS would need to
spend these dollars within forty-eight months, at the outside, including
all opportunities to maximize available PASS extensions.  

With Kind Regards,

***********************
Daniel B. Frye, J.D.
Associate Editor
The Braille Monitor
National Federation of the Blind
Office of the President
1800 Johnson Street
Baltimore, Maryland 21230
Telephone: (410) 659-9314 Ext. 2208
Mobile: (410) 241-7006
Fax: (410) 685-5653
Email: DFrye at nfb.org
Web Address: www.nfb.org
"Voice of the Nation's Blind"
 

-----Original Message-----
From: blindlaw-bounces at nfbnet.org [mailto:blindlaw-bounces at nfbnet.org]
On Behalf Of ckrugman at sbcglobal.net
Sent: Thursday, June 11, 2009 10:26 PM
To: NFBnet Blind Law Mailing List
Subject: Re: [blindlaw] ramifications of receiving Target
settlementcheckfor SSI recipients

what is usually done when people who are on SSI receive settlements or
inheritances special needs trust accounts are set up and the money from
a settlement is placed in to the account. As the funds in the account
are administered by a third party or family member and the SSI recipient
does not have control over the actual money it can't be considered an
asset or resource for determination of income for SSI purposes.
Chuck
----- Original Message -----
From: "James Pepper" <b75205 at gmail.com>
To: "NFBnet Blind Law Mailing List" <blindlaw at nfbnet.org>
Sent: Thursday, June 11, 2009 1:12 PM
Subject: Re: [blindlaw] ramifications of receiving Target settlement
checkfor SSI recipients


> So in the future should the amounts collected from companies such as 
> Target be directed to a specific institution to provide services for 
> the blind?
> Some way to get around this problem of the SSI beneificaries loosing 
> not only the money but thier medications etc.?
>
> We need a clear layout of how to solve these problems without negating

> the solution.
>
> James Pepper
> _______________________________________________
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> blindlaw at nfbnet.org
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> To unsubscribe, change your list options or get your account info for
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> bcglobal.net


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