Widow's Benefit

In the U.S., a state-level deduction from taxable income of the amount a widow or widower receives from the estate of his/her deceased spouse. The benefit means the widow or widower pays little or nothing in state inheritance taxes.

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References in periodicals archive ?

With widow's benefits, there's no deeming, so clients can take their widow's benefit first and are not forced to take their retirement benefit at the same time or vice versa.

Kotlikoff: 10 Ways to Maximize Social Security Benefits Under New Law

Thus, a widow's benefit under a typical deferred compensation agreement is includable in the gross estate by reason of IRC Section 2039(a).

Survivor income benefit

This would be achieved through raising a widow's benefit to three-fourths of the couple's combined benefit instead of the current one-half to two-thirds that widows receive; this would help more than three million elderly women receive a benefit that reflects their cost of living.

Trust the Government

The downside is that to provide 100 per cent widow's benefit will mean that the pension you receive may be as low as six per cent of the pension fund a year in view of the current low interest rates.

Personal finance: Maximising pension benefits for widows

Likewise, many who have paid up to 40 years' National Insurance contributions to give their wives widow's benefit should they die, are seeing this contract torn up.

Frank and Fearless: Welfare reform needs a lot more than just promises; Tony Blair can make our benefits system work but...: IF Labour are serious about reforming our welfare system then they must go back to the beginning and again think the unthinkable. So says former Social Security minister FRANK FIELD, who argues that the reform programme needs a boost - and that Tony Blair is the only man for the job..

This also includes anybody who is receiving widow's benefit, widow's mother's allowance and widower's benefit, if they live with a partner that benefit is not payable and they are cheating the public.

vent your spleen

For instance, my application for widow's benefit was sent on to the wrong agency because they saw my age and assumed I was divorced, not widowed."

A single parent's guide to the credit crunch.. The recession is hurting everyone but it's especially tough for lone parents bringing up a family. Follow our 10-point plan to help you cope

Nuneaton people making a claim for Jobseekers' Allowance, Income Support, Incapacity Benefit, Housing and Council Tax Benefit, Severe Disablement Allowance or Widow's Benefit can now visit a purpose-designed ONE Centre at the Benefits Agency in Mill House, Mill Walk.

One-stop shop for benefits

It would also have the advantage of not having to commit yourself to buying a spouse's pension which can be expensive as on your death the whole of the rest of the fund could be used to buy a widow's benefit.

Answering your problems on personal finance Pension returns seem very low

The 1994-96 Social Security Advisory Council recommended that the spouse's benefit be reduced and the widow's benefit increased, a revenue-neutral solution that redirects money to women when they need it most.

Social Security for Women

And the widow's benefit would be 100 percent of the smaller check for the survivor's lifetime.

Nearly half of boomers failing to maximize Social Security benefits

Alec McFadden, from Wallasey, applied for widow's benefit following the death of his wife, but was told he was not entitled to it.