How does a guardianship affect Social Security benefits?

A guardianship can have an effect on Social Security benefits in Nevada. When a guardianship is established, the court-appointed guardian has the responsibility to control the finances and health care decisions of the ward (the person for whom the guardianship has been established). This includes making decisions and managing Social Security benefits. The guardian is responsible for completing the appropriate paperwork to report changes in the ward’s circumstances in order for the Social Security Administration to pay the correct amount of benefits. The guardian must also submit reports that detail how the Social Security benefits are being used to the court. In Nevada, the guardian must also ensure any claims for Social Security benefits for the ward are properly filed, and then ensure the benefits are correctly used on behalf of the ward. This means the guardian may be required to open a special bank account, known as a “representative payee account”, where the Social Security benefits are deposited. The guardian will then use the funds for the ward’s care and wellbeing, such as paying medical bills and living expenses. When a guardianship has been established, Social Security benefits may be affected, as the guardian is responsible for handling and managing the funds in the representative payee account. Therefore, it is important to be aware of the financial obligations that come with a guardianship before taking on this responsibility.

Related FAQs

Can a minor consent to a guardianship?
How do you select a guardian?
How is a guardian compensated?
How often is a guardianship review required?
What is a guardianship of the estate?
Can guardianship be denied by the court?
Can a guardian be appointed without a court order?
How does a guardianship protect the ward?
What is a permanent guardianship?
What is the difference between a guardian and a custodian?

How does a guardianship affect Social Security benefits?

Related FAQs

Related Blog Posts