Estate planning is the process of organizing the distribution of a person’s assets while they’re alive in anticipation of their passing. Most people create an estate plan at least once and preferably update it throughout their life. The essential purpose of an estate...
Year: 2022
The 8.7% COLA for Social Security recipients arrives in January
In less than three weeks, people who receive Social Security benefits will see an 8.7% increase in their monthly payments, giving them a needed boost for rising prices stemming from inflation. The list of those who benefit includes retirees and survivors as well as...
The purpose of making a will while you’re young
Do you know what an estate plan is? Essentially, an estate plan, for those unaware, is the legal documentation of your last wishes, including, but not limited to, asset distribution and funeral arrangements. While that sounds all well and good, you’re still young and,...
Is there any way to speed up your SSDI claim?
When you file your Social Security Disability Insurance (SSDI) claim, the wait to hear if you’ve been approved or denied can be excruciating. On average, people are waiting about five and a half months to get a decision. The worst part is that – should your initial...
Does an SSDI appeal always involve a hearing in front of a judge?
Many people live their entire lives without ever setting foot in a courtroom. Others end up embroiled in legal matters because of something they did that led to criminal charges or a mistake by another person that left them hurt. In rare situations, those attempting...
Can you delay when someone gets their inheritance?
If you put the inheritance that you’re leaving to someone in your will, they get that inheritance as soon as you pass away. There can be a short delay as things go through probate or as the estate executor simply gathers and then distributes the assets. But that...
What does the SSA consider substantial gainful activity?
Adults who develop debilitating medical conditions or who have injuries that prevent them from working may require disability support. While some people have private long-term disability insurance, many working professionals only have the protection of Social Security...
Would your ex still get your life insurance?
When you were married, you bought a life insurance policy. Maybe you were the main breadwinner for the family and wanted to make sure that your spouse was provided for if you passed away unexpectedly. However, you have since gotten a divorce. You want to know if that...
Your parents don’t have a will. How do you bring it up?
As both you and your parents get older, you start thinking about all of the assets that they own. You know that you’re going to have to sort out all these details or handle the assets when they pass away. At the same time, you know that most Americans don’t have an...
2 dangerous myths that people shouldn’t believe about SSDI
The Social Security Administration (SSA) makes its policies available to the public both in print and online. For example, you can review the policies of what constitutes a disabling medical condition for the purposes of qualifying for Social Security Disability...