by Josh GrantFor New Pittsburgh CourierWhen your child turns 18 years old, they legally become an adult. This is an important time to consider their financial future—especially if they need additional care into adulthood. Here are 5 things that may help you prepare for this milestone:
Health and Welfare Decision-making
When your child legally becomes an adult, you can no longer make certain decisions for them about their health and welfare. However, you can stay involved through: A Representative Payee: Social Security will determine who best serves as a Representative Payee for your child’s benefits. To learn more about the Representative Payee program, read our webpage at www.ssa.gov/payee/index.htm. Guardianship: This requires court involvement. It may be necessary if your child can’t execute a power of attorney. Please consult an attorney for assistance.
Changes in Supplemental Security Income (SSI) Eligibility
SSI& provides monthly payments to adults and children with a disability or blindness who have income and resources below specific financial limits.If your child receives SSI, when they turn 18 we will review their eligibility for continued SSI payments based on the disability rules for adults. For more information, please review the publication, What You Need To Know About Your Supplemental...
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