But if your parent or another loved one has dementia, how can you ensure those Social Security benefits be managed properly? The Social Security Representative Payee ProgramOnce a Representative Payee is designated, that person is required to decide how to spend a beneficiary’s Social Security income and to keep records of that spending. Just as it’s hard for adult children to take away their parent’s car keys, it’s a tough call for a Social Security staffer to remove a beneficiary’s control over his or her Social Security finances. Finally, and sadly, the Social Security Administration is struggling to effectively administer the Representative Payee program. If you have a parent or loved one with dementia, you may want to check into the Social Security Representative Payee program.

Source: Forbes September 26, 2017 15:29 UTC