What is a “representative payee?”
Get Legal Help Today
Secured with SHA-256 Encryption
UPDATED: Jul 16, 2021
It’s all about you. We want to help you make the right legal decisions.
We strive to help you make confident insurance and legal decisions. Finding trusted and reliable insurance quotes and legal advice should be easy. This doesn’t influence our content. Our opinions are our own.
Editorial Guidelines: We are a free online resource for anyone interested in learning more about legal topics and insurance. Our goal is to be an objective, third-party resource for everything legal and insurance related. We update our site regularly, and all content is reviewed by experts.
Some people simply are not able to manage their own financial affairs. For these people, a relative, friend or other interested party can be appointed to handle social security matters – this person is called a “representative payee.” The benefits for the incompetent person is made payable to the representative payee on behalf of the incompetent (establishing a payment in trust and fiduciary responsibility for the representative payee).
The representative payee must use the benefits for the personal care and well-being of the beneficiary. Excess funds must be saved on the beneficiary’s behalf. Also, periodic accounting reports that shows where the benefits went – how it was spent or were it has been saved – must be filed with the Social Security Administration.