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Image source: Getty Images. Your benefits could change after a spouse's death. If you're receiving spousal benefits based on your partner's work record, you'll no longer qualify if your spouse ...
Spousal benefits allow spouses to claim Social Security on the work record of a retired partner, provided certain conditions are met. First, the spouse must be at least 62 years old. First, the ...
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 ...
Trusts may be created to protect an individual's welfare or other state benefits. These are typically called "special needs trusts." Typically, an individual has Medicaid and Social Security Supplemental Security Income (SSI) coming in. For such individual to then be given access to funds in excess of, usually, $2,000 ("countable" assets ...
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 ...
Unlike a revocable beneficiary, who can be swapped out at any time by the policyholder, an irrevocable beneficiary has irreversible rights to the policy death benefit, adding an extra layer of ...
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 ...
As you plan for retirement, you may want to make sure you can max out your social security benefits. But the death of a spouse can change your retirement plans in many ways -- including ...