There are intestacy rules of succession in place that would hold sway if you were to pass away without having executed any estate planning documents. Most people are going to have more specific designs so it is not a good idea to rely on the probate court to distribute your assets in accordance with intestacy laws. However, if you are married your spouse would be provided for under these laws. But if you are in a committed live-in relationship with someone without being married this individual … [Read more...] about Senior Lifestyle Trend Has Estate Planning Implications
Social Security Survivorship Benefits in a Nutshell
If you’re like most people, you think of social security as retirement benefits. And, it is. However, the social security program has survivorship benefits as well. Surviving spouse The surviving spouse (or children who are eligible for benefits, if there is no surviving spouse) is entitled to a lump sum payment of $255. The social security administration provides benefits for a surviving spouse once she attains a certain age. The surviving spouse can receive 100% of the deceased spouse’s … [Read more...] about Social Security Survivorship Benefits in a Nutshell
