All benefits are calculated in today dollar and before tax. The actual benefit would be adjusted for inflation and might be subject to income tax. Lifetime benefits are based on life expectancy of 77 and 76 for husband and wife, respectively. The lifetime number is sensitive to, and would ...
However, under current law, same-sex spouses are not eligible for Social Security benefits because they are unable to meet the gender-based definitions of "wife" and "husband" in the Social Security Act and the gender-based definition of "marriage" established by the Defense of Marriage Act....
Spousal benefits (a.k.a. husband/wife benefits)are only applicable while both spouses are still living.Survivor benefits (a.k.a. surviving spouse benefits or widow/widower benefits)become relevant after one spouse’s death. Example miscommunication: Samantha is the higher earner in her marriage, ...
The problem is that exact figures are hard to come by because there are a number of factors affecting the benefits to be received by a surviving spouse. It is possible for the survivor to collect 100 percent of her deceased husband's Social Security benefits upon his death, but this does ...
Same-sex couples have access to a host of Social Security benefits that they couldn't receive before, but there are still many questions unanswered.
Michael Lollar
The file-and-suspend claiming strategy permitted one member of a married couple to file for Social Security, so a husband or wife could file for spousal benefits. The filing spouse then could suspend his or her own retirement benefit, which then could grow due to delayed retirement credits by...
Because any benefits the ex-wives receive have no impact on yours or your wife's benefits, your ex-wives can be left to plot their own Social Security strategies. If one of your ex-wives remarried and that marriage ended either by death, divorce or annulment, she may still be able t...
Two of his children with his ex-wife are grown (specifically 19 and 21). She has been on welfare for years. My husband was injured and has not worked in 4 years. During this time he was fighting for Social Security. Now that he has been approved, they are taking over half his ...
exempt institutions and government entities). Property a husband and wife own jointly is exempt from the tax, and so is property inherited from a spouse or from a child 21 or younger by a parent. If the inheritance tax is paid within three months of the decedent's death, a...