Today we will discuss Spousal Benefits: There are some LGBTQ clients today who had different lifestyles earlier in their lives. It is not rare for some to have been in a heterosexual relationship for a period of time. In that scenario, if they had been married for 10 years prior to divorcing then they may be eligible for Social Security spousal benefits. That stream of income can be important when planning for retirement.
One does not have to be on good terms with their former spouse, nor does one even need to know the person’s social security number, to apply for these benefits. Furthermore, the ex-spouse is not notified about such inquiries by the Social Security Administration. If eligible, Social Security will notify you of the benefit. Claiming the spousal benefit may be sufficient for your cash flow needs, which may allow you to defer claiming your own earnings benefit. Allowing your own benefit to accumulate to age 70 can result in a much larger payout during your retirement years.