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Bookmark or Share- Your Social Security Benefits for 2025: COLA UpdateIn 2024, monthly payments for Social Security benefits recipients bumped up slightly from the previous year, when the COLA was increased by 3.2 percent. Come January 1, 2025, retirees are on track to see their Social Security benefits checks rise slightly once again, by 2.5 percent, or an average of about $50 per month.
- Four Social Security Myths Debunked - ElderLawAnswersMyth 3: Social Security Will Be Out of Money Soon. Many young people believe the Social Security system will run out of money before they have a chance to collect anything. Currently, the Social Security trustees predict that the trust fund will run out of money in 2034.
- What to Do When a Social Security Beneficiary Dies - ElderLawAnswersHere’s a guide on what steps to take when a Social Security beneficiary dies. Monthly Payments and Reimbursements. Social Security payments are made for the previous month, meaning the deceased must have survived the entire month to be eligible for that payment. If they pass away mid-month, any payment received after their death must be returned.
- Trusts and SSI - ElderLawAnswersTrusts designed to aid a person with special needs are commonly known as "special needs trusts." There are three main types of special needs trusts: the first-party trust, the third-party trust, and the pooled trust. All three name the person with special needs as the beneficiary, but they differ in several significant ways.
- My Wife's in a Nursing Home. Who Gets Her Social Security?Get a solid grounding in Social Security, including who is eligible, how to apply, spousal benefits, the taxation of benefits, how work affects payments, and SSDI and SSI. READ MORE Special Needs Planning
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