Ask Larry

Representative Payee

Can I Invest Benefits Belonging To A Person For Whom I'm Acting As Representative Payee In Crytocurrency?

So in reading your article from last year on crypto currency’ I am confused. I act as a payee for a SSDI receiver. It is my understanding that monies spent must be reported to Soc Sec once a year. Their publications state that investments should be in secured places such as a bank acct or Savings Bonds. Crypto currency doesn’t seem to fall under this category. Yet with articles that state investing in crypto has no effect on monies received from ssdi, the disabled person is relentless in wanting more of his money to buy crypto.

Saturday, June 18, 2022 - 13:47

Am I In Trouble For Using My Son's Money For Him?

My minor son was supposed to have a financial review to see if he was eligible for SSI, I never received a call so I end up calling back and some weird guy was being rude to me and I ask for me son's rep pay statement so I faxed it in. They said people use the money and don't to well I did. The account was made in 2015 and it's empty now. They said they needed to review it. Am I in trouble for using the money? I used it all for him

Monday, April 18, 2022 - 18:21

Is There A Limit On How Much Cash My Daughter Can Have In Her Checking Account?

I have an adult daughter who receives RSDI based on my wife's Social Security. She has a developmental disability that has prevented her from working since birth. My wife and I are both retired, and I am her Representative Payee. Some months she does not spend all of her monthly benefit. Her only asset is the RSDI. Is there a limit on the accumulated cash she can have in her checking account from the unspent RSDI?

Friday, September 10, 2021 - 15:25

Is My Payee Legally Liable For My Debts?

I was on SSDI FROM APRIL 2004
Until my first retirement Ck 4 2021
I had a payee in my SSDI. Would like to know why and what diagnosis was given
My son after his fathers death took over
He is now telling that since he is still a payee. I can’t get ahold of doc sec I have left my number 26 times stayed on hold for 2 hours
To find this out. If I want to purchase a car. Is he legally liable for my debt which I have perfect credit

Friday, April 9, 2021 - 09:14

Would Transferring My Daughter's Benefits To Her Account Make The Funds Safe From Being Returned To Social Security?

I have also received a letter from social security wanting the funds returned. I have saved it in a account but it is attached to mine. We have just taken me off her account so she is the sole owner.. I can transfer these funds to her account. Would that make these funds safe from being returned?

Sunday, March 21, 2021 - 10:45

What Should We Do With My Daughter's Conserved Benefits?

I have deposited some Social Security Disability benefit funds into a MOST 529 Education Plan for my daughter. She turns 18 tomorrow and like the previous question to you, we received the conserved funds to be returned back to SSA letter. Since this education plan is only to be withdrawn for educational purposes (we have to pay the school directly), there is a huge penalty for withdrawing for non-educational items. Should this account be transferred directly into my daughter's name as payee and beneficiary to stop SSA from wanting those funds back?

Thursday, February 18, 2021 - 11:46

Can My Mom Threaten To Take Control Of My SS?

can a relative (mom) threaten to take control of my SS if they say I'm not responsible enough. Info about me I am 43 yrs old born with spinia bifida. Live with mom, sister (45) her bf and their 2 kids. I use my own money to pay our cable, phone, internet, trash bill and half the cell bill and occasionally help with electric bill. My own basic needs (clothes, shoes, shower stuff, diapers, pop, snacks). Help buy dinner groceries. Loan my sister money.

Wednesday, July 1, 2020 - 09:23

What Are My Next Steps?

I am the payee of my daughter’s survivor benefits. She was in the social services system (CPS) for 18 months and now currently back in my custody. Social services said that they are entitled to a portion of her benefits but when she was returned to my custody she did not have any back payments issued. I have called SSA but they said they could not find who was the payee during those 18 months. I’m wondering what my next steps are. Thank you


Friday, May 1, 2020 - 07:58
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