Tips from people who are representative payees for social security

CaliforniaGirl-1

I have just become my parent's representative payee for social security. I could use some advice from people who are representative payees for their parents on how they managed opening the bank account and paying their parent's expenses in such a way as to make sure they are following the rules and documenting correctly.

Also what did you need to open the bank account? Is the letter from social security appointing you representative payee sufficient?

I am probably over thinking this. But tips from people who have already done this would be appreciated.

pamanom

I have been caregiver for my mother for the past 5 years. When she came to live with me, I became her representative payee for Social Security to manage her finances. I needed to open an exclusive checking account and an exclusive savings account (separate from any other bank accounts) . Her SS checks are directly deposited into the checking account; SS instructs the rep payee to transfer unused monies to the savings account. The bank administrator knew what was required of me. So, I suggest you call the bank to ask what documentation is required before you go.

Hope this is helpful...

Pam

BassetHoundAnn

Banks require a current, unexpired driver's license or state I.D. for the person for whom you're opening a representative payee account. It's important to take that with you to the bank when you open an account.

I keep a spreadsheet of my mom's expenses and pay everything from her checking account. I put as much on autopay as I can.

I'm concerned that she may need to go on Medicaid in the future so I'm careful to chronicle where the money goes.