It's my understanding that, if I am approved for SSI, that I'll get a lump sum. My attorney gets his share, and whatever else happens. I know when a person is on SSI, they can only have $2,000 in the bank (or $3,000 for a couple). How is this worked out? Do I still get the money or does good ole' Uncle Sam take it?
For SSI , my understanding is that Social Security does not pay backpay out in one lump sum anymore. They changed it , into what is called installments. depending on what is owed back to you, Social Security will set it up every such and such months and pay it out this way. Not in a lump sum. However, if it is not a huge amount , and you are awarded your claim right away, then you would be paid accordingly, and have a certain time period to spend down the money.