Representative Payee question

[rryn122]

I’m new to this forum, and would appreciate any advice!

I’ve been on SSDI since I was 35 years old. I’m now 53.

I have a 17 year old son who will be turning 18 November 25 ( 25 days away)

Years ago I had to open up a savings account for him, and I was the Representative payee.

What I’m not clear about is whether I need to open a new account since he will be turning 18 late this month?

I’ve already have a savings account that was set up years ago when I first started drawing ssdi benifits.

Any help/advice would be appreciated. Thanks to anyone who read my question

 

[rryn122]

I’m new to this forum, and would appreciate any advice!

I’ve been on SSDI since I was 35 years old. I’m now 53.

I have a 17 year old son who will be turning 18 November 25 ( 25 days away)

Years ago I had to open up a savings account for him, and I was the Representative payee.

What I’m not clear about is whether I need to open a new account since he will be turning 18 late this month?

I’ve already have a savings account that was set up years ago when I first started drawing ssdi benifits.

Any help/advice would be appreciated. Thanks to anyone who read my question

I forgot to mention that he’s still in high school ( senior year) . They said benefits continue if he’s still in high school at 18

 

[Provis]

I’m new to this forum, and would appreciate any advice!

I’ve been on SSDI since I was 35 years old. I’m now 53.

I have a 17 year old son who will be turning 18 November 25 ( 25 days away)

Years ago I had to open up a savings account for him, and I was the Representative payee.

What I’m not clear about is whether I need to open a new account since he will be turning 18 late this month?

I’ve already have a savings account that was set up years ago when I first started drawing ssdi benifits.

Any help/advice would be appreciated. Thanks to anyone who read my question

Is the account in their name with you as a custodian? If so, you can just remove yourself from the account after they reach 18 years old and your kid can manage it himself since going forward it would be in his name only.

If the account is in your name only there are 2 options. One is that you can add his name and remove your name from it. You would just create a new account with him on it. Close the account that is in your name and move the proceeds over from your account to your his new account.