The loss of a loved one be emotionally devastating. If you’re reliant on their income, the financial impact of their death can make a difficult situation even harder. Social Security Survivors benefits, though not available in every situation, can help to alleviate some of the financial strain.
When a person dies, the Social Security Administration (SSA) must be notified right away. Horan & McConaty will handle this step for you. However, you will need to reach out to the SSA directly to apply for survivors benefits if you are eligible.
Each year a person works, “credit” is earned toward Social Security benefits through payment of Social Security taxes. The younger a person is when they die, the fewer years of work history are necessary to receive Social Security Survivors Benefits, but no one is required to have worked more than 10 years.
If your loved one had sufficient work history, you may qualify for Survivors Benefits as long as you are:
In addition to the monthly benefit, the SSA also offers a one-time lump-sum death payment (LSDP) of $255. Even if you do not qualify for monthly Survivors Benefits assistance due to your age, you can still collect the LSDP if you:
Horan & McConaty will notify the SSA of your loved one’s passing, but please be aware that benefits will vary for each individual. You must apply in order to start receiving survivors benefits.