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For example, in cases of divorce where minor children are involved, a court may require an ex-spouse to be named as an irrevocable beneficiary to ensure the children’s financial protection.
The Social Security Administration should be notified as soon as possible about the death of your loved one. It is important to know, however, that you cannot report the death online or apply for ...
Nationwide Retirement Institute recently reported that 44% of surveyed adults were unaware that, upon the death of a spouse, the bigger benefit would be inherited by the surviving spouse.
As you make these selections, you'll need to determine whether each beneficiary should be revocable or irrevocable. This choice can have significant implications for your estate plan and financial ...
Social Security will automatically change any monthly benefits received to survivors’ benefits after it receives the report of death. The agency might be able to pay a Special Lump-Sum Death ...
If your partner passes away, you could receive a total of $2,000 per month from Social Security going forward -- not $3,500 per month. If you were earning more than $2,000 per month, you wouldn't ...
Social Security benefits can be an important part of your financial plan for retirement, whether you're single, married, widowed or divorced. If you were married previously, it's helpful to ...
As with retirement benefits, the Social Security Administration (SSA) relies on a complex set of factors (such as your age, years of work, lifetime income) in determining a surviving spouse’s ...