SSI REPORTING REQUIREMENTS

To keep eligibility for Supplemental Security Income (SSI), there are some periodic reports that are required by the Social Security Administration. The recipient of the SSI benefit or their representative payee are required to make these reports. Failure to report can result in a penalty. All of the items that are listed below are required…

House Bill Would Allow Military Retirees to Name Special Needs Trusts As Beneficiaries of Survivor Benefit Plans

A bill recently introduced in the U.S. House of Representatives would finally allow military retirees to name special needs trusts as beneficiaries of Survivor Benefit Plans, a change that could dramatically improve the lives of military children with disabilities. Under the current military retirement system, a retired member of the military can elect to fund…