Marriage in the Golden Years

As we live longer, a marriage later in life is becoming more common with our aging society. That means changes to your estate plan are more crucial than ever. It also means the likelihood of new family members, from adult children to grandchildren and sometimes even great grandchildren. Social Security Benefits There are a number of dynamics that potentially play out when it comes to your social security benefits. Even if you’ve carefully prepared, you now have to consider more than just yourself. Remember, too, that you may suddenly have more to deplete in your newly combined estate. Of course, marriage will allow your spouse or you to qualify for spousal social security benefits. It will likely affect the amount you receive, and certainly if one of you has a smaller or larger benefit. Remember that a spousal benefit can be as high as 50 percent of the amount received by the spouse receiving the larger benefit. Your estate planning lawyer can provide insight on these dynamics and
http://www.norcalplanners.com/blog/elder-law/marriage-golden-years/

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