March 2024
Estate planning remains an important yet frequently overlooked conversation within many families. It requires decisions about transferring an individual’s estate after their death, including distributing assets and caring for dependents. Although the topic might feel sensitive and uncomfortable, initiating this discussion with your parents can ensure the honoring of their wishes, reduce potential conflicts among siblings and lessen the stress and confusion associated with managing an estate after a loved one’s passing. This conversation demands tact, respect and understanding, as it addresses not only the logistics of wills and assets but also emotional readiness and family dynamics. Choose the right time and place It is important to look for an appropriate moment to discuss estate planning. Aim for a calm, quiet time without interruptions or time pressures. This conversation deserves everyone’s full attention and should take place in a private, comfortable setting where your parents feel secure and relaxed. Express your intentions clearly When you start the conversation, make sure to clarify that your aim is to support them and ensure respect for their wishes. Emphasize that estate planning brings peace of mind to everyone involved, and assure them of your assistance, not intrusion or control. Listen and offer support Be ready to listen more than you speak. Your parents may share concerns or wishes they have never expressed before. Show empathy and understanding, and suggest your help in navigating the process. Whether this involves researching options, organizing documents or simply discussing their wishes, your involvement can make the process less daunting for them. Address the benefits Highlight the benefits of estate planning, such as preventing complications, ensuring the distribution of assets as per their wishes and protecting the family from potential conflicts. Realizing these positive outcomes can motivate your parents to take action and make the necessary arrangements. With a careful approach, this conversation can strengthen your relationship and ensure peace of mind for everyone involved.
Even with a disability that prohibits you from working full-time, you may want to earn extra income or remain active in your career. If you receive Social Security Disability Insurance, you may wonder whether you can work part-time while still receiving benefits. If you wish to get a job while collecting SSDI, it is important to understand your options. Permissible limits The Social Security Administration acknowledges that some individuals with disabilities may want to engage in part-time work. Fortunately, SSDI rules allow recipients to work without immediately losing their benefits. The key lies in staying within specific income limits set by the SSA. Trial work period SSDI recipients may begin a trial work period during which they can work and earn any amount for up to nine months. This period serves as a testing phase, enabling individuals to assess their ability to work without jeopardizing their benefits. Substantial gainful activity After the trial work period, the SSA evaluates whether the income earned qualifies as substantial gainful activity. As of 2024, the SGA limit is $1,550 per month for non-blind individuals. Exceeding this limit may lead to a reduction or termination of SSDI benefits. Reporting earnings Recipients must report their earnings to the SSA accurately. Timely communication ensures the proper adjustment of benefits, preventing overpayments or complications with the disability support system. Flexibility and support One of the driving factors behind the SSDI program is to provide financial assistance while allowing flexibility for individuals to explore part-time work. This approach recognizes the varied capabilities and aspirations of those with disabilities. As long as you adhere to these parameters, you can work part-time while receiving SSDI.
