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?