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Understanding Social Security’s “Representative Payee” Provision
Elder abuse and fraud perpetrated on seniors is a major concern to Social Security, so much so that the agency maintains a provision to help protect those beneficiaries unable to safely and securely manage their own finances. It’s call the “Representative Payment Program,” and it enables the designation of a third person to step in and manage the beneficiary’s Social Security funds. Read about this program in a post by The Motley Fool’s Dan Caplinger, which you can access here, and if you’d like still more background on recent changes to this portion of Social Security, check out this AMAC Foundation article.
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.