Re: Annual Financial Reporting for Court

[Guest guest]

Hi Ann,

I do accounting out of my home, so I have my daughter set up as a 'company' in

QuickBooks.

Basically, what you need to do is account for anything paid for from your son's

money (SSI and any earnings).  What you spend does not have to be reported (save

that for income tax purposes so that you can claim him as a dependent).

If you have Excel, the easiest thing to do would be to set up a spreadsheet that

has check number, date paid, to whom, the amount, and what it was for.  Set up a

column for his SSI and earnings.

Social Security will be sending you a form soon asking for you to account for

SSI funds.

Finato

www.AngelSpeaks.com

www.wegrowdreams.org

From: marjanca@... <marjanca@...>

Subject: Annual Financial Reporting for Court

" IPADDUnite " <IPADDUnite >

Date: Thursday, December 4, 2008, 7:48 PM

Hello all,

I am divorced and have residential custody of our son. The cort sent me a forma

n requested that I complete a financial reporting on my son. Can any one clarify

for me the best way to do this? Is this an accounting of the SSI money? Do I

need to try and figure out total cost for care of my son? Or do I only verify

how his SSI money was spent as his total costs were much higher than what SSI

gives? Does anyone have a template or format they use that can simplify this

accounting?

Thanks,

Ann

[Guest guest]

Are you the guardian of your son's estate? If so this is probably

the & #13; & #10;annual report required of the guardian. I have the forms for

Lake & #13; & #10;County, but am not at home. I'll be back Sunday night. Then I

can & #13; & #10;send you the forms as well as what I include as an attachment.

They & #13; & #10;are looking for an accounting of how all money he has regardless

of & #13; & #10;source is spent. & #13; & #10; & #13; & #10;We always include a separate

sheet showing all we spend on our son, & #13; & #10;identifying what comes out of

our pocket as well. This may not be & #13; & #10;required, but it is very useful

when we get in our periodic court & #13; & #10;battles with his mother. She wants

to run his life, but not & #13; & #10;oontribute. She has as a hard time accepting

he is a 26 yr old young & #13; & #10;man with hopes and

dreams. & #13; & #10; & #13; & #10; Fran & #13; & #10; & #13; & #10; & #13; & #10; & #13; & #10;---

In IPADDUnite , marjanca@... wrote: & #13; & #10;> & #13; & #10;>

& #13; & #10;> & #13; & #10;> Hello all, & #13; & #10;> & #13; & #10;> & #13; & #10;>

& #13; & #10;> I am divorced and have residential custody of our son. The cort

sent & #13; & #10;me a forma n requested that I complete a financial reporting on

my & #13; & #10;son. Can any one clarify for me the best way to do this? Is this

an & #13; & #10;accounting of the SSI money? Do I need to try and figure out

total & #13; & #10;cost for care of my son? Or do I only verify how his SSI money

was & #13; & #10;spent as his total costs were much higher than what SSI gives?

Does & #13; & #10;anyone have a template or format they use that can simplify

this & #13; & #10;accounting? & #13; & #10;> & #13; & #10;> & #13; & #10;> & #13; & #10;>

Thanks, & #13; & #10;> & #13; & #10;> Ann & #13; & #10;> & #13; & #10;> & #13; & #10;>

& #13; & #10;> & #13; & #10;> [Non-text portions of this message have been

removed] & #13; & #10;> & #13; & #10;

[Guest guest]

What form were you sent? Becareful how you fill things out for a

divorced spouse. I don't know about your situation, but in mine, my

ex was trying to stop paying any support for my adult daughter. If

you would like, please e-mail me directly and I can give you some

thoughts.

Jean

>

>

>

> Hello all,

>

>

>

> I am divorced and have residential custody of our son. The cort

sent me a forma n requested that I complete a financial reporting on

my son. Can any one clarify for me the best way to do this? Is this

an accounting of the SSI money? Do I need to try and figure out total

cost for care of my son? Or do I only verify how his SSI money was

spent as his total costs were much higher than what SSI gives? Does

anyone have a template or format they use that can simplify this

accounting?

>

>

>

> Thanks,

>

> Ann

>

>

>

>

>