Many divorced people don't realize they can getSocial Securitybenefits derived from their ex-spouse's work history, said William Meyer, founder of Social Security Solutions, a website that helps people determine when and how to claim Social Security. Those who are aware of the benefits often m...
Anestateis a legal entity that comes into being when a person dies. The purpose of the estate is to gather the decedent’s assets, pay the decedent’s debts and expenses, and distribute the remaining assets. The estate exists until all of the assets have been distributed to heirs or other...
"The first step is doing a tax projection for each spouse" to see how income, deductions and other factors could impact future taxes, depending on which spouse passes first, said Brown, who is also a certified public accountant. After running the numbers, you can pick which tax strategies t...
There are several remedies available for thosewho are taxed on their Social Security benefits. Perhaps the most obvious solution is to reduce or eliminate the interest and dividends that are used in the IRS's provisional income formula (which is the same as the Social Security A...
After all, you probablydoing many things firsttime, lifeinsurance claim firstpeople you might contact after your spouse dies becausehe shecan help you review startestate settlement procedures. Your funeral director can also excellentsource mayhelp you get death certificate copies SocialSecurity veterans...
J. D. B. SchillerMedical economics
Your tax bill isn't chiseled in stone at the end of the year. Here are 10 tax tips and steps you can take after January 1 to help you lower your taxes, save money when preparing your tax return, and avoid tax penalties.
is devastating emotionally. It can also be crippling when it comes tofinances, particularly if you are now down to one income and have expenses that are meant for two or more people. In short, financially grounding yourself after your spouse dies can be harder than you ...
Brokenhearted herself, battling a stream of tears and trying to be strong, Kim was relieved when her spouse’s fury dissipated. “Dealing with it and living with him was not very good. Thank goodness, it’s so much better,” she said. The couple believes things changed for the better bec...
If you’re divorced or widowed, you may have options for claiming the Social Security benefit from your previous spouse. It’s worth checking with a financial planner who can develop a strategy for you rather than trying to navigate the maze of Social Security rules yourself. READ: What Is ...