Can I collect spousal benefit and wait until I am 70 to collect my own Social Security?

Yes, unless you turned 62 before Dec. Spouses born after Jan. 1, 1954, can no longer claim spousal benefits and later switch to collecting benefits based on their own work record.

How much money can you have in the bank if you get Social Security?

Currently, to receive SSI (after being determined to be medically disabled according to the SSA's rules), an individual cannot have more than $2,000 in countable assets.

Do I still get my husband's pension if he dies?

most schemes will pay out a lump sum that is typically two or four times their salary. if the person who died was under age 75, this lump sum is tax-free. this type of pension usually also pays a taxable 'survivor's pension' to the deceased's spouse, civil partner or dependent child.

Can I claim death benefit of my husband even we are separated but not legally?

ECC further explained that primary beneficiary excludes secondary beneficiary. Although the couple had already been separated prior to the death of the covered member, the legitimate spouse is still entitled to the EC death benefits until re-marriage. Presidential Decree (PD) No.

Do you inherit your spouse's debt when they die?

Generally, those states view both assets and certain debt that accumulated during the marriage as equally owned by each spouse — meaning a surviving spouse could be responsible for paying back the debt, even if it was only in the decedent's name.

How is credit card debt split in a divorce?

When you get a divorce, you are still responsible for any debt in your name. These states go by "community law," which means that any property and debt accrued during a marriage are split between spouses after a divorce. That includes credit card debt—even credit card debt that is only in one spouse's name.

Who is responsible for debt in a divorce?

The responsibility of joint credit card debt can vary, but most states consider marital debt to be any debt accumulated during the partnership, regardless of whose name appears on the account. It's likely both parties will be responsible for the credit card debt in a divorce, despite who was making the payment.

Can a creditor freeze a joint bank account?

Why is my bank account frozen? A frozen bank account is a sure sign that a creditor or debt collector has obtained a court judgment against you (or your joint account holder, if you have a joint bank account). A creditor or debt collector cannot freeze your bank account unless it has a judgment.