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View Full Version : About a joint account with my dad and scocial security


bigred575
Jan 8, 2009, 05:55 PM
If I wanted to be on my dads checking account and he is applying for social security and I deposit my money into the account I have that is in his and my name, would it effect him getting social security?

Would there big more of a bigger chance of them denying it?

He claims and income but would mine affect it?

ebaines
Jan 9, 2009, 12:14 PM
It would not affect his rights for social security payments, assuming you are talking about retirement or disability payments. However, think carefully before doing this. If you co-mingle your assets then there is a risk that if one of you defaults on a loan or is sued for back taxes, etc the other's money is at risk of being garnished.

What isyour reason for wanting to mingle assets?