Can a Representative Payee Live in Another State
Practise you have a friend or loved one who receives Social Security and is unable to manage her payments? If so, yous can asking that the Social Security Administration (SSA), the government bureau that disburses Social Security, proper noun y'all as the representative payee for that person.
Beingness a representative payee gives you the power and the responsibleness to manage that money for your friend or loved i. (The Office of Personnel Management and the Railroad Retirement Agency also appoint representative payees and the responsibilities are basically the same.)
As a representative payee, you just have the ability to handle the Social Security benefit for your friend or loved 1 (the beneficiary) and non any other coin or property for that person unless some other document or government bureau appoints you to do then.
It is important to remember that the check from the SSA is not yours; information technology belongs to the beneficiary. The casher is supposed to become the benefit of the money. Your role includes performing four very important duties:
1) Y'all must act only in the casher's best interest, which means the beneficiary's money belongs just to them. You cannot pay yourself for managing their coin and you lot cannot borrow it or lend information technology to anyone else; those would be conflicts of interest, which you lot must avert. You should too do your best to make sure the casher does not go scammed or mistreated.
2) You must manage the beneficiary's Social Security check carefully, which means you should make certain the casher'southward daily needs and any other foreseeable needs are met, bills are paid on time, and all taxes are paid.
3) You must keep the money from the Social Security bank check split from your ain money, which means you cannot go on the coin in any kind of articulation account or sign any contracts or leases for the casher. If yous have to open an business relationship or sign anything for the beneficiary, sign "(beneficiary's name) by (your proper noun), representative payee" and so everyone knows yous are acting on the casher's behalf.
four) You must keep good records of everything you do with the casher's money, which means keeping track of all money you lot spend for the beneficiary, keeping all receipts, making annual reports to the SSA, and more often than not keeping the SSA informed nigh both the beneficiary and yourself.
Remember, there may be other people appointed to help the same beneficiary with other things. They have the same general four duties equally you, and all of you must work together if that is in the beneficiary's best interest.
If yous are non a family fellow member and the casher has family unit, you must proceed family members informed about what you lot are doing for the casher. This will reduce the take a chance that they will have bug with your actions. In the end, nevertheless, the decisions about the Social Security check are yours to make because you are responsible. Yous are the one who will get in trouble if something goes wrong. For example, if someone thinks you violated one of your 4 important duties, they can report you to the SSA. The SSA will investigate, and if it decides that y'all misused the beneficiary's money, it will brand you lot replace what was lost out of your own pocket.
If you accept more questions about what information technology means to be a representative payee, cheque out http://www.ssa.gov/payee.
For more than about Social Security, click here.
Last Modified: 12/04/2019
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Source: https://www.elderlawanswers.com/the-powers-and-responsibilities-of-representative-payees-14522
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