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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.


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