Quote:
Originally Posted by Hoosier_Daddy
How often do these letters come. I won in June and my daughter was 18 at the time she got around 7,000 back pay. She gave most of it to us as she was going to college this past fall and knew we needed that money for her books .etc. I now have a 16 year old daughter and a 10 year old that get $500 each per month. My attorney(ALLSUP) told me and my wife that we can take this money out and spend it as we seen fit for bills, and everything else that came up. Do we have to keep track of every penny?
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Hello Hoosier;
I believe what your asking about is a letter, I received at the End of the year, when I was receiving $$ from my son. If you are setting $$ aside In regards to keeping track of $$ and every Penny.
I think they {SS} want to know if you have a account set in Child's Name, & if so how much $$ left at the end of the Year, Account info Name and all that stuff!
What I can Say & Personally, as Most might, the $$ Received from SS in no way is enough enough to fully support a Child. At the time when your child turns 18, if you do have a Bank account how much is left over at the time when your Child reaches 18. After all the $$ Provided to the Parent who is disabled that the Child resides with, it was provided in place to Offset the Loss of income & to be used as to help provide Needs for your Children.
As for the Saving of $$ Realistically in todays economy are they for Real?
HTH; Wishing all the Best with Gods Blessings!