Social Security: How To Appoint a Representative Payee & What Duties They Are Allowed To Provide
From the Go Banking Rates website
When a Social Security beneficiary is unable to manage their own account, they can have a representative payee step in to manage the account for them. This typically happens when the beneficiary is a child, a severely disabled person or a retiree suffering from advanced dementia.
A representative payee can be a person or an entity appointed by the Social Security Administration. As of December 2020 — the most recent data available — about 5 million Social Security recipients had representative payees, the AARP recently reported.
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