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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 ...
For nondisabled widow(er)s, claiming between the age of 60 and your FRA will reduce your benefit by up to around 30%. Disabled spouses claiming in their 50s will also receive a reduction of up to ...
A survivor can be an ex-spouse if the marriage lasted at least 10 years and the ex-spouse is at least 60 years old (or 50, if disabled). A surviving ex-spouse is eligible for the same benefit as ...
The Uniformed Services Former Spouses' Protection Act (or USFSPA) is a U.S. federal law enacted on September 8, 1982 to address issues that arise when a member of the military divorces, and primarily concerns jointly-earned marital property consisting of benefits earned during marriage and while one of the spouses (or both) is a military service member. [3]
The Act allowed recipients and their spouses to retain a home and certain other modest assets, to avoid their total impoverishment, while they are alive. Estate recovery collected the assets from the estate when both recipient and spouse had deceased. [9] The Act also gave states the option of recovering other Medicaid expenses. [1]
In some cases, individuals may be eligible for Social Security benefits and SSI benefits. For example, a disabled individual who worked in Social Security covered employment and who has limited income and resources may receive a Social Security disability benefit (due to employment prior to disability) and a partial SSI benefit (due to limited ...
After her husband died, Paternostro discovered she couldn't collect his Social Security benefits due to a pair of federal policies called the Windfall Elimination Provision and the Government ...
Income, gift, estate, and generation-skipping transfer tax planning plays a significant role in choosing the structure and vehicles used to create an estate plan. In the United States, assets left to a spouse who is a U.S. citizen or any qualified charity are not subject to U.S. Federal estate tax.