Social Security, a Guide for Representative Payees
Title | Social Security, a Guide for Representative Payees PDF eBook |
Author | |
Publisher | |
Total Pages | 16 |
Release | 1996 |
Genre | Social security |
ISBN |
Improving the Social Security Representative Payee Program
Title | Improving the Social Security Representative Payee Program PDF eBook |
Author | National Research Council |
Publisher | National Academies Press |
Total Pages | 182 |
Release | 2007-10-17 |
Genre | Social Science |
ISBN | 0309111005 |
More than 7 million recipients of Social Security benefits have a representative payee-a person or an organization-to receive or manage their benefits. These payees manage Old Age, Survivors and Disability Insurance funds for retirees, surviving spouses, children, and the disabled, and they manage Supplemental Security Income payments to disabled, blind, or elderly people with limited income and resources. More than half of the beneficiaries with a representative payee are minor children; the rest are adults, often elderly, whose mental or physical incapacity prevents them from acting on their own behalf, and people who have been deemed incapable under state guardianship laws. The funds are managed through the Representative Payee Program of the Social Security Administration (SSA). The funds total almost $4 billion a month, and there are more than 5.3 million representative payees. In 2004 Congress required the commissioner of the SSA to conduct a one-time survey to determine how payments to individual and organizational representative payees are being managed and used on behalf of the beneficiaries.1 To carry out this work, the SSA requested a study by the National Academies, which appointed the Committee on Social Security Representative Payees. This report is the result of that study. Improving the Social Security Representative Payee Program: Serving Beneficiaries and Minimizing Misuse (1) assesses the extent to which representative payees are not performing their duties in accordance with SSA standards for representative payee conduct, (2) explains whether the representative payment policies are practical and appropriate, (3) identifies the types of representative payees that have the highest risk of misuse of benefits, and (4) finds ways to reduce the risk of misuse of benefits and ways to better protect beneficiaries.
Individual retirement arrangements (IRAs)
Title | Individual retirement arrangements (IRAs) PDF eBook |
Author | United States. Internal Revenue Service |
Publisher | |
Total Pages | 284 |
Release | 1990 |
Genre | Individual retirement accounts |
ISBN |
Medicare+Choice : payments exceed cost of feeforservice benefits, adding billions to spending : report to congressional requesters
Title | Medicare+Choice : payments exceed cost of feeforservice benefits, adding billions to spending : report to congressional requesters PDF eBook |
Author | |
Publisher | DIANE Publishing |
Total Pages | 44 |
Release | |
Genre | |
ISBN | 1428972234 |
Federal Taxation of Trusts, Grantors, and Beneficiaries
Title | Federal Taxation of Trusts, Grantors, and Beneficiaries PDF eBook |
Author | John L. Peschel |
Publisher | Warren Gorham & Lamont |
Total Pages | 228 |
Release | 1989 |
Genre | Estate planning |
ISBN |
Informing Social Security's Process for Financial Capability Determination
Title | Informing Social Security's Process for Financial Capability Determination PDF eBook |
Author | National Academies of Sciences, Engineering, and Medicine |
Publisher | National Academies Press |
Total Pages | 245 |
Release | 2016-05-20 |
Genre | Medical |
ISBN | 0309392608 |
The U.S. Social Security Administration (SSA) provides benefits to disabled adults and children, offering vital financial support to more than 19 million disabled Americans. Of that group, approximately 5.5 million have been deemed â€" by virtue of youth or mental or physical impairment - incapable of managing or directing the management of their benefits. Hence, a representative payee has been appointed to receive and disburse SSA payments for these beneficiaries to ensure that their basic needs for shelter, food, and clothing are met. Periodically, however, concerns have been expressed about the accuracy of the process by which SSA determines whether beneficiaries are capable of managing their benefits, with some evidence suggesting that underdetection of incapable recipients may be a particular problem. The importance of creating as accurate a process as possible for incapability determinations is underscored by the consequences of incorrectly identifying recipients either as incapable when they can manage their benefits or as capable when they cannot. Failure to identify beneficiaries who are incapable of managing their funds means abandoning a vulnerable population to potential homelessness, hunger, and disease. Informing Social Security's Process for Financial Capability Determination considers capability determination processes used by other similar benefit programs, abilities required to manage, and direct the management of, benefits, and effective methods and measures for assessing capability. This report evaluates SSA's capability determination process for adult beneficiaries and provides recommendations for improving the accuracy and efficiency of the agency's policy and procedures for making these determinations.
8 Ways to Avoid Probate
Title | 8 Ways to Avoid Probate PDF eBook |
Author | Mary Randolph |
Publisher | Nolo |
Total Pages | 228 |
Release | 2024-04-15 |
Genre | Law |
ISBN | 1413331718 |
Want to save your family money and hassle? Read this book! Probate court proceedings after a death can drag out and cost tens of thousands of dollars in attorney and court fees—money that would otherwise have gone directly to your loved ones. This topselling guide shows you the most effective ways to skip the probate process: • name payable-on-death beneficiaries for financial accounts • own property jointly • leave real estate with transfer-on-death deeds • use a living trust • name the right beneficiaries for IRAs, 401(k)s, and other retirement plans, and • use probate shortcuts for small estates. Completely updated, this edition includes the latest state laws on probate avoidance methods, and covers all the estate-related impacts of the recent changes to federal rules on retirement distributions.