How does a guardianship affect Social Security benefits?

A guardianship affects Social Security benefits in South Carolina in two ways. First, if a guardian is appointed for an individual, the guardian has the legal authority to make decisions about Social Security benefits that are due the individual. This means that the individual can no longer make decisions about their own Social Security benefits and the guardian takes over the responsibility. Second, when a guardian is appointed, Social Security benefits may be transferred to the guardian so that the guardian can manage the funds to benefit the individual. This transfer of funds is made official by a financial institution, such as a bank or financial company, that fills out the proper paperwork and ensures that the transfer is done legally and ethically. In addition, the guardian will also be responsible for filing the person’s Social Security benefits each year to ensure that they are receiving the proper amount. Overall, a guardianship can have a major impact on Social Security benefits, as a guardian is granted the legal power to manage the individual’s Social Security benefits and make decisions in their best interest. It is important to understand these impacts before considering a guardianship in order to ensure that the individual’s benefits are handled properly and that their best interests are kept in mind.

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How does a guardianship affect Social Security benefits?

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