why does a lawyer need my ss card for an insurance distribution of money

by Emmitt Terry Published 3 years ago Updated 2 years ago 6 min read

Typically, SSA withholds one-quarter of your past-due benefits and pays the money directly to your attorney. The direct payment of fees saves disability recipients the hassle of arranging to pay their attorneys, and allows attorneys to receive payment without needing to bill their clients and wait for the money.

Full Answer

Should I ask my lawyer if he can use my SS number?

Mar 13, 2013 · Presuming you have an injury case, almost all your medical records will be indexed by SS# and they will need the number to get those records. Your income records will be indexed that way too. The other side is entitled to get those records if you are claiming injuries and lost income. Good luck. Report Abuse MW Mark Richard West (Unclaimed Profile)

How does the SSA pay for a disability attorney?

Feb 09, 2013 · The reason the life insurance company needs your SS#, is for identification purposes when the policy of insurance matures at death, at which time, assuming you are still the named beneficiary, you will again be required to produce that information. Report Abuse Find Local Estate Planning Lawyers California Estate Planning Lawyers

Why do life insurance companies need my Social Security number?

Sep 15, 2018 · The reason the insurance company wants your social security number is to see if you have coverage under Medicaid or Medicare. If you do, the insurance company is entitled to be paid back by your Medicaid or Medicare for anything they (the insurance company) pays you for your medical expenses.

How can my Lawyer charge a higher fee for Social Security?

Sep 10, 2016 · Avvo Rating: 10. Estate Planning Attorney in Southern Pines, NC. Reveal number. tel: (910) 692-9771. Call. Posted on Sep 10, 2016. It is not uncommon for a beneficiary form, such as for an IRA, to require (or at least request) a SS for a beneficiary. Also, while you don't need the SS of a person you name in your will, when the person dies it is ...

Why do insurance companies want Social Security numbers?

The reason the insurance company wants your social security number is to see if you have coverage under Medicaid or Medicare. If you do, the insurance company is entitled to be paid back by your Medicaid or Medicare for anything they (the insurance company) pays you for your medical expenses.

Can insurance company require my Social Security number?

Answer provided by. Insurers need applicants' social security numbers for a variety of reasons, from confirming your identity to checking your credit score and looking to see whether you've filed false insurance claims in the past (or done something else that makes you more of a risk).Feb 25, 2022

Do beneficiaries have to give their Social Security number?

Yes. Banks may require the beneficiary to provide a Social Security number (SSN) for monetary transactions. This requirement is intended to verify that funds are distributed to the correct designated individual(s) listed in a will, trust, insurance policy, retirement plan, annuity, or other contract.

Why does the claim adjuster keep asking for my Social Security number?

First let's talk about why the insurance adjuster is asking for your social security number. The primary legal reason that the insurance company is asking for your social security number is to verify if you are enrolled in Medicare Part A or Part B (or have ever previously received Medicare Part A or Part B).Feb 6, 2013

Can I refuse to give my Social Security number?

Anyone can refuse to disclose his or her number, but the requester can refuse its services if you do not give it. Businesses, banks, schools, private agencies, etc., are free to request someone's number and use it for any purpose that does not violate a federal or state law.Feb 27, 2019

Do you need a social security to get life insurance?

Do Life Insurance Beneficiaries Need a Social Security Number? A life insurance beneficiary doesn't have to have a Social Security number because life insurance companies don't collect it with the name of the beneficiary. You can leave the money to whomever you choose, with or without a Social Security number.Dec 25, 2021

What happens if no beneficiary is named on bank account?

When a person dies without a surviving beneficiary named for an account, the assets go to that person's estate. So, if a person left a will, the assets in the banking account would pass to the beneficiaries under that will.

How do you find out if you are a beneficiary on a bank account?

Contact the Bank

Present a copy of the death certificate to the bank, and request information on the account. In some cases, bank officers will be able to tell you if you were a beneficiary on the account, but they cannot give out information such as the name of any other beneficiary that might also be on the account.

What happens if a beneficiary refuses to provide a Social Security number for K 1?

Enter the beneficiary's number on the respective Schedule K-1 when you file the Form 1041. . . [The trust] may be charged a $100 penalty for each failure to provide a required TIN, unless reasonable cause is established for not providing it.

Who can legally ask for Social Security number?

Who has the right to request your SSN? Federal law mandates that state Departments of Motor Vehicles, tax authorities, welfare offices, and other governmental agencies request your SS number as proof that you are who you claim to be.

Why does Lemonade ask for my Social Security number?

To be able to review claims, we ask users to provide various documents in the form of videos, pictures, signatures, receipts, appraisals, and so on. To pay claims we require bank account details, as well as personally verifiable info such as the claimant's social security number.

How does Lemonade pay claims?

Although many cases are transferred to a person on the claims team, Lemonade says it handles 30% of claims instantly and wires money to your bank. If you don't have web access, you can call 844-733-8666 to file your claim. Customer service: Logged-in policyholders can use the Maya chatbot service.

How do insurance companies find your personal information?

The insurance company will most likely run your personal information through its databases. One database may search public records and they will know how many vehicles you have registered, property that you own, and criminal issues. Another database will include a search of your insurance claims history. The insurance company will know if you made any auto claims, homeowners claims or workers compensation claims in the past. These database searches can be run with just your name and date or birth or just your name and address, but it is much more accurate if the social security number is also provided in the data field.

Why is it important to disclose prior accidents?

Because if you dont disclose the information, the insurance adjuster will find this information out anyway and then come to the conclusion that you were trying to hide something or lying.

How to contact Florida insurance?

If you have any questions about making a Florida insurance claim, you can always call me directly on my cell at 352-267-9168 or fill out the internet consultation form on the right.

Why do life insurance companies need SS#?

The reason the life insurance company needs your SS#, is for identification purposes when the policy of insurance matures at death, at which time, assuming you are still the named beneficiary, you will again be required to produce that information. Report Abuse. Report Abuse.

Do you have to report post death income?

Yes - to report any post death income.

Do insurance companies require Social Security numbers?

Jayne L. Sebby (Unclaimed Profile) Yes, insurance companies and financial institutions often require the social security number of all beneficiaries to ensure that benefits are paid to the right person. If you don't want to provide that number, check with the company to see if they can assign you a identifying number.

Do you need a beneficiary's social security number?

Yes they do need the beneficiary's social security number.

Do insurance companies need a beneficiary's SSN?

Yes, the insurance company needs the beneficiary's SSN for tax reporting purposes.

Why do insurance companies want my social security number?

The reason the insurance company wants your social security number is to see if you have coverage under Medicaid or Medicare. If you do, the insurance company is entitled to be paid back by your Medicaid or Medicare for anything they (the insurance company) pays you for your medical expenses.

Do you have to give out your social security number?

You are not required by law to give out your social security number. If you feel uncomfortable doing so, it’s good to remember that in most cases, your insurance adjuster won’t need it.

Does Joe's insurance pay for medical bills?

You’ll file a claim through Joe’s insurance – he caused the wreck, so it’s his job to pay for your medical bills and damage to your car. After Joe’s insurance company pays you for your medical bills, there are some instances where they’re entitled to be paid back. If you have Medicaid or Medicare, this applies.

Do insurance companies need your SSN?

If you don’t have either of these, then the insurance company doesn’t need your SSN and you have nothing to worry about.

Why did my aunt ask for my social security number?

It is possible that the social security numbers were requested because the aunt wanted to name you and your sons as beneficiaries to a payable on death account with a bank, or an IRA account. It might also have been for life insurance policies, although not all providers would have asked for such information in order...

Do you need SS for a beneficiary?

It is not uncommon for a beneficiary form, such as for an IRA, to require (or at least request) a SS for a beneficiary. Also, while you don't need the SS of a person you name in your will, when the person dies it is typical to need the beneficiary's social in order to file necessary tax returns such as trust/estate income tax returns.

What does a disability attorney charge for?

Disability attorneys often incur up-front costs in pursuing a disability case, mostly from obtaining medical records and getting opinions from treating doctors. Your lawyer may also charge you for the cost of postage, travel, copying, and long-distance phone calls. Your attorney will ask you to sign an expense agreement when you hire him or her.

What is back pay for SSDI?

Back payments are benefits that accrued while you were waiting for Social Security to approve your case. The amount of your backpay depends on your onset date of disability, when you filed for benefits, and whether you're applying for SSDI or SSI. (To learn more, see Nolo's article on how SSDI back benefits are calculated .)

What are some examples of disability hearings?

Here are some examples: You fired your attorney and hired a second attorney. You are denied benefits at the disability hearing level and your lawyer appeals to the Appeals Council or to federal court.

How much money do you pay for disability after a hearing?

In the typical case where a claimant is approved for benefits after a disability hearing, the expenses will usually be no more than a few hundred dollars.

Can a disability lawyer charge a fee?

A disability lawyer can petition to charge you a reasonable extra fee if you have to appeal your case multiple times before you win . Sometimes a disability case will require multiple hearings, an appeal to the Appeals Council, or even a trip to federal district court. These sorts of cases can drag on for many years and require a lot ...

Can Social Security approve a petition?

Social Security will approve the petition only if the fees requested by the attorney are reasonable. Social Security's decision as to whether the requested fee amount is justified will take into account the nature and amount of work performed by the attorney, the complexity of the case, the attorney's knowledge and experience, ...

Can a lawyer charge a fee for Social Security?

Under the contingency fee arrangement required by Social Security, your attorney may not charge a fee unless your case is successful. In order to collect fees from a client, an attorney is required to submit a fee agreement to Social Security. The fee agreement spells out the terms of the contingency fee and must be signed by both attorney ...

How to find an attorney for disability?

You can also locate an attorney by calling different disability attorneys in your community and asking if they take overpayment cases. Once you have a few names, you can meet with attorneys to see whose approach you like best.

What does Social Security consider when deciding a fee?

Social Security will consider a number of factors when deciding whether a particular fee is fair, including the outcome of the case and the level of skill that was required to handle the case. Social Security can approve the attorney's fee petition request, disapprove it, or modify the fee to a lower amount. Getting Social Security ...

How to get overpayment from attorney?

When attorneys do take overpayment cases, they will usually have you sign a fee petition agreeing to pay an hourly fee for the time that they spend working on your case. Then, when the case is over, the lawyer has to petition Social Security to approve the fee. Social Security will consider a number of factors when deciding whether a particular fee is fair, including the outcome of the case and the level of skill that was required to handle the case. Social Security can approve the attorney's fee petition request, disapprove it, or modify the fee to a lower amount.

How much do disability attorneys charge?

Usually, a disability attorney will enter into a fee agreement with you to take 25% of your disability backpay or $6,000 , whichever is less. Then, when the case is over, if you have won, Social Security forwards the attorney's fee to your attorney.

How long does it take for a Social Security attorney to return money?

If he spends less than 15 hours, he will return money from your retainer to you at the end of the case. Attorneys in Social Security overpayment cases are conscious that their clients are usually lower-income individuals due to their disability, and they know that it might be hard for the client to pay the attorney's bill. ...

What happens if you lose your Social Security case?

That is, if you lose your case, you will owe your attorney $3,000 in fees (if Social Security approves the request), and you will still owe the overpayment. On the other hand, if Social Security says you owe a $160,000 overpayment, and your attorney will charge you a $3,000 retainer to begin working on it, then you might decide ...

What is legal aid?

Legal Aid attorneys work for non-profit law firms whose goal is to provide free legal advice and representation to low-income individuals in civil cases. (A civil case is any kind of case that does not involve a crime. Disability cases are civil cases.) Legal Aid attorneys may be more likely to take overpayment cases than some disability lawyers, ...

Dawn Danielle Stark

First of all, you never HAVE to provide your social security number to the trustee. The CPA will need your social for K1 purposes. If the trust was income producing and filed taxes yet the trust elected to pay the taxes, typically there would be no need for socials.

Shelley Ann Elder

I agree with Mr. Simpson and these facts don't seem correct. I would advise you to take your documents to a trust attorney in your area: Go to AVVO.com, find a lawyer and put in the specialty area and your geographic location and attorneys should pop up. You can call a few and see about prices and availability.

Robert D. Simpson

If you are not a beneficiary of the trust there is no reason the trustee needs your SSN. However, it sounds like you may be a beneficiary but the trustee is taking the position you are "disqualified". You need to consult with an attorney about the trustee's position, especially in light of the trustee's demand for your SSN.

How to claim life insurance benefits?

To claim life insurance benefits, the beneficiary should contact the insurance company's local agent or check the company's website. Some companies ask beneficiaries to start by sending in a form that merely reports the death; they then send the beneficiary a packet of forms and instructions explaining how to proceed.

How much will the insurance company pay when the owner dies?

How much will the company pay? Typically the insurance company guarantees that when the owner dies, the beneficiary will receive the greater of the accumulated value of the annuity (including earnings) or the amount originally invested in the annuity, less distributions.

How to claim an annuity after death?

To claim annuity benefits after the policy owner dies, the beneficiary should request a claim form from the insurance company that issued the annuity. The beneficiary will need to submit a certified copy of the death certificate with the claim form.

What do survivors need after death?

After a loved one dies, beneficiaries need to know how to collect life insurance and Social Security payments they're entitled to, because the executor of the estate doesn't usually handle this task. Especially if survivors depended on the deceased person for financial support, they may need to quickly get cash for urgent, ongoing expenses such as the mortgage and credit card payments. Knowledgeable survivors can usually get access to many sources of cash, which may include life insurance or Social Security survivors benefits. To learn about other benefits that may be available to family members, see Claiming Pensions, Veterans, and Other Benefits: Information for Executors and Beneficiaries.

What do you need to know after a loved one dies?

How much is a death benefit?

The Social Security death benefit is relatively easy for surviving family members to claim and quick to be paid, but it is currently a small lump-sum payment of $255 (assuming the deceased person had enough Social Security work credits). The surviving spouse or dependent children can claim this benefit. This payment is in addition to ongoing survivors benefits to which the spouse or children may be entitled.