In 2009, in order to be subject to Federal Estate tax, an estate must exceed $3,500,000 in value. The maximum tax rate for 2009 is 45%. By the year 2010, the Federal Estate tax is eliminated!! This means that in the year 2010, no one leaving an estate of any size will pay a Federal … Continue reading Inheritance Tax Rates
Author: Prince Law Offices, P.C.
What’s the difference between Social Security Disability and SSI?
Generally, in order to receive Social Security Disability benefits, one has to pay into the Social Security system. The minimum one has to pay to be eligible for Disability benefits is 40 quarters of employment, which equals ten years. SSI benefits are payable to disabled individuals who have not paid enough into the system in order … Continue reading What’s the difference between Social Security Disability and SSI?
Can I get Social Security Disability Benefits and Unemployment Benefits at the same time?
No. If you are receiving unemployment benefits, you are telling a State agency that you are ready and able to work, but no work is available. When applying for Social Security disability benefits, you are alleging that you are unable to perform any type of work due to a disabling condition.
Age and Social Security Disability
The Social Security Administration considers age in making disability determinations. When a Claimant age 55 or less is seeking disability benefits, the Administration must evaluate whether or not the Claimant can perform his/her past relevant work. If the Claimant is found to be able to perform his/her past relevant work, then they are not disabled. … Continue reading Age and Social Security Disability
SSI and SSD– what’s the difference?
Under the Social Security Act, there are two types of disability benefits that are potentially available to Claimants who are disabled for Social Security purposes—SSI (Supplemental Security Income benefits) and SSD (Social Security Disability benefits). What are they and how do they differ? SSD Benefits— SSD benefits are available to disabled workers who have a significant work history (in most cases … Continue reading SSI and SSD– what’s the difference?
Will a new president mean changes to SSD?
I’ve received a number of calls recently from client’s wanting to know what changes, if any, will take place with Social Security and Medicare now that President Obama has taken office. President Obama has identified Social Security and Medicare as one area that he plans to target for reform. The short answer is the nothing … Continue reading Will a new president mean changes to SSD?
What Happens If I Die Without a Will?
In Pennsylvania, if an individual dies without a will, or if part of his assets are not disposed of by will, the state has laws about how that person’s assets will be divided. Those laws are called the laws of intestate succession. The following is a general guide. It is not to be considered a … Continue reading What Happens If I Die Without a Will?
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