Is there a program or assistance when people need help
managing their money? Yes, Social
Security’s Representative Payment Program provides a program for the Social
Security and SSI payments for those beneficiaries who are not capable of
managing their funds.
I have participated as a Representative Payee for a client
in order to gain insight about the process.
Generally, Social Security will turn to family/friends of the
beneficiary; otherwise, Social Security will authorize other qualified persons
or organizations.
Keep in mind, the person taking on the roll as a
Representative Payee is acting as a fiduciary and has to report to the Social
Security Administration.
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