As of April 15, 2024, a significant update to the Minnesota guardianship statutes has been enacted, affecting all guardians in the state of Minnesota. This new regulation mandates that guardians must file annual Personal Well-Being Reports and Affidavits of Service using the MyMNGuardian (MMG) online application. About the Statute Update…
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When you’re appointed as a guardian, your responsibility is to care for another person. This role includes making decisions on their behalf and managing their affairs effectively. But what happens when you need to manage guardianship from another state, or when circumstances require the guardianship to be transferred entirely to…
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When you become a representative payee, you take on a critical financial responsibility in someone’s life. Accepting the position means you’re in charge of managing the Social Security or Supplemental Security Income (SSI) benefits of someone who cannot manage their finances due to health issues or age-related reasons. What does…
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For any business, managing risks effectively is crucial to ensure stability and growth. An essential component of this risk management is commercial insurance. It’s an expenditure you must make to mitigate risk in your business. Sometimes it’s mandatory; sometimes it’s just something that makes sense for your business. How do…
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Navigating the world of estate planning can be complex, but understanding the concept of a living trust is essential for anyone looking to manage their assets effectively. Creating a living trust can inevitably become a major part of planning your estate, but it’s not always the best path to take.…
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Business and technology have always gone hand in hand, but there’s never been a time in history where they’ve been more inseparable. Nearly every facet of modern businesses is interwoven with some sort of IT system, which presents inherent risks—especially for small businesses who can’t adequately mitigate those risks. This…
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If you’re in the process of being appointed as a representative payee, you’ve likely discovered that you will need to acquire a representative payee bond before you can “officially” take on the duties that are being assigned to you. Why do you need a representative payee bond? It helps to…
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The Social Security Administration (SSA) administers a range of benefits, funds, and services to eligible individuals, including those who require a representative payee for assistance in managing their funds. When a beneficiary is unable to handle their finances independently, a representative payee can be appointed to step in and ensure…
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The Department of Veterans Affairs (VA) provides various benefits and services to eligible veterans and their dependents. These benefits are distributed to beneficiaries for several reasons, primarily to support and enhance the well-being of individuals who have served in the United States military. When these funds cannot be managed by…
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Becoming a representative payee allows you to help a person who receives benefits from the Social Security Administration (SSA) or Veteran’s Administration (VA) manage their money and help them live their lives more comfortably. Most people who first seek to become a representative payee don’t understand the position, the process…
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