'I’ve written about this subject before. But if my emails are any indication, there is still a lot of confusion about this topic. So, here is what you need to know about Social Security matters if a loved one dies.'
Gosh, I hate getting old. Even though my wife and I are relatively fit, when you’re in your late 70s, you can’t help thinking about the inevitable. We’re all going to die. And even though my wife is a few years older than me, I figure I’m eventually going to be the first to buy that one-way ticket to the great beyond. So, I’ve started working on a little something I will leave my wife when I’m gone. It’s a file called, “I’m dead.
People are also reading… Second, Social Security benefits have never been prorated. I’ve explained before how this lack of proration can help out when someone first starts getting Social Security. For example, if you took benefits at age 66 and you turned 66 on June 28, you would get a check for the whole month of June even though you are only 66 for 3 days of the month.
I added that qualifier because there is a very good chance the check won’t even show up in the deceased’s bank account. As you maybe have heard, there are all kinds of computer-matching operations that go on between various government agencies and banks. So if the Treasury Department learns of a person’s death in time, they won’t even issue the Social Security benefit.
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