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South Dakota Sample Letter for Friendly Reminder to Relatives to Pay for Share of Gift

State:
Multi-State
Control #:
US-0711LR
Format:
Word; 
Rich Text
Instant download

Description

This form is a sample letter in Word format covering the subject matter of the title of the form.

Subject: Friendly Reminder — Joint Gift Contribution for [Occasion] Dear [Relative's Name], I hope this message finds you in good health and high spirits. I am writing to kindly remind you about the joint gift contribution we had agreed upon for [Occasion] for [Recipient's Name]. We are thrilled to celebrate this joyous occasion and wanted to make it extra special for [Recipient's Name]. As you may recall, we had decided to split the gift cost among ourselves to ensure an equal and memorable gift for our beloved [Recipient's Name]. While most of the relatives have already contributed their share, we noticed that your contribution is still pending. To offer some clarification, the total gift cost amounts to [Total Cost], equally divided among [Number of Relatives] of us. This means each person's contribution ideally comes to [Your Relative's Share]. We understand that life can sometimes get busy, and it's easy to overlook such matters. Hence, this gentle reminder to ensure everyone's contribution is accounted for before we make the purchase. We truly value your presence as an integral part of this celebration, and your contribution will help us in acquiring a gift that reflects our love and appreciation for [Recipient's Name]. It's essential that we gather all the contributions as soon as possible to avoid any last-minute hassle or inconvenience. If you have any concerns or face any issues with the payment, please feel free to reach out to me, and I'll be more than happy to assist you. Alternatively, if you have unknowingly already made the payment, please let me know, and I'll confirm it with the others. To simplify the payment process, we propose using [Payment Method/Platform]. You can either make a direct bank transfer to [Account Details], or if you prefer a different payment method, kindly let us know, so we can accommodate it accordingly. Please ensure your payment is made within [Deadline], as we aim to purchase the gift shortly after. Once all the contributions are received, we will collectively finalize the gift and ensure it carries the sentiment and love from each one of us. Your timely contribution will greatly contribute to making this [Occasion] more memorable and cherished. Thank you for your attention, and we greatly appreciate your support and understanding. Let us know if there is anything we can assist you with. Looking forward to celebrating this special occasion together. Sending warm wishes and lots of love to you and your family. Best regards, [Your Name]

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FAQ

There are limits on how much you can earn from work while collecting SSDI payments but no restrictions on assets. You can have a savings account with as much money in it as you choose to save. That is not the case if you receive SSI, which provides cash assistance to older, disabled and blind people in financial need.

You are indeed allowed to own a vehicle when you are receiving SSI. You may own one vehicle, regardless of its value. It is possible to own a second vehicle when collecting SSI benefits as long as the amount of equity that you have in that vehicle falls within the asset restrictions that have been set forth by the SSA.

As a result, there are no limits on the amount of money you can have in a savings account and remain eligible for SSDI benefits because financial need is not part of the disability determination process.

The SSA is not concerned with the value of the vehicle. Owning one $20,000 car won't count hurt you. However, owning two cars that are valued at just over $1,000 will count against you. While that may seem odd, keep in mind that they are looking at this as if you could sell excess assets in order to pay bills, etc.

For those receiving Supplemental Security Income (SSI), the short answer is yes, the Social Security Administration (SSA) can check your bank accounts because you have to give them permission to do so.

To be eligible for SSI, an individual has to have low income (generally under $900 to $1,700 per month) and low assets (less than $2,000). For couples, the asset limit is $3,000. Certain assets don't count toward the limit, including one car and one house.

Cars are one of the few items not counted toward the SSI resource limit, assuming your household has just one. There are no restrictions on the car's make, model, or value.

WHAT IS THE RESOURCE LIMIT? The limit for countable resources is $2,000 for an individual and $3,000 for a couple.

How much can a family get? Within a family, a child can receive up to half of the parent's full retirement or disability benefits. If a child receives survivors benefits, they can get up to 75% of the deceased parent's basic Social Security benefit.

And again, the income limit for an individual is $1,767, or $2,607 for a coupleif that income comes from wages. 1 Those numbers change annually too.

More info

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South Dakota Sample Letter for Friendly Reminder to Relatives to Pay for Share of Gift