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In reply to the discussion: SS department wants me take money out of a 529 to send to them to send to my daughter? [View all]jillan
(39,451 posts)24. When your child turns 18, they are of legal age. I have a daughter who has multiple disabilities &
when she turned 18, she became of legal age - inspite of the fact that she is totally dependent on me.
I had to apply to become her legal guardian. Now when I sign papers for her, I don't sign them as her mom, I sign them as her legal guardian.
They are adults and it is their money.
I bet you can transfer the money out of her 529 and just have it transferred to another type of savings acct.
Call SS, I bet they will give you some options.
welcome to the world of red tape.
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SS department wants me take money out of a 529 to send to them to send to my daughter? [View all]
liberal_at_heart
Dec 2012
OP
My mother left her abusive rural farm home at 14 during the Depression
Jackpine Radical
Dec 2012
#35
You can remove yourself from the 529, leaving it titled in her name alone
Ruby the Liberal
Dec 2012
#33
Suggest you speak with Soc Sec. Simply signing her 529 over to her legally may satisfy the regs.
pinto
Dec 2012
#7
yes, first thing Monday we will be calling the SS department and our financial advisor
liberal_at_heart
Dec 2012
#19
Kindly consult with an attorney. I am an attorney, but not YOUR attorney, and you
msanthrope
Dec 2012
#18