Beneficiaries - THE RIDGEWOOD BLOG.

Posted on June 16, 2022

What Are the Different Types of Life Insurance?

Life insurance is pretty simple at first glance. It’s a policy you purchase and continue to pay off until your death. Upon your death, your beneficiaries receive a payout. However, there’s more to life insurance than meets the eye. In fact, there are lifestyle factors that affect your fitness for certain policies and multiple types of it, other than what was just described. Each of these policies are vastly different from each other. In this article, we’ll be going over the different types of life insurance and how they work.

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Posted on October 21, 2019 June 27, 2021

What is Probate and How Long Does It Take?

Probate is a legal terminology involving inheritance and the execution of a will after the demise of a relative and concerns with the lawful beneficiaries, who may have a valid claim over the estate of the deceased. The probate process is almost universal with certain variations provided under the laws of inheritance where common law is practiced. Probate is also required in those countries which are under religious laws and do not recognize the will of the deceased if it runs contrary to the religious laws. At Giles & Robinson, P.A., you will receive probation law services that are tailored to your specific needs.

If this is completely foreign to you, then this article will help ease off the panic and help answer the question of how long does probate take and what it is. It’s important that you get the research done in the correct manner that applies to where you reside and the situation you are in.

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Posted on March 10, 2015 March 9, 2015

Social Security Administration Expects Beneficiaries of Obama’s Amnesty Will Be Covered Starting Later This Year

Social Security Administration Expects Beneficiaries of Obama’s Amnesty Will Be Covered Starting Later This Year

by Ryan Lovelace March 9, 2015 1:29 PM

Illegal immigrants who take advantage of President Obama’s executive actions on immigration will soon collect another benefit: Social Security. Starting in 2017, the Social Security Administration expects that thousands of undocumented immigrants will begin collecting from the Old-Age, Survivor’s, and Disability Insurance (OASDI) program as a direct result of the president’s actions. In a letter to Republican senator Ron Johnson, chairman of the Homeland Security and Governmental Affairs Committee, the SSA’s chief actuary Stephen Goss indicated that an additional 16,000 people will begin collecting OASDI benefits come 2017, and that the number of beneficiaries would continue to increase for 40 years thereafter, topping out at 695,000 people. Goss’s projection may underestimate the number of potential beneficiaries, however, as it assumes that 50,000 fewer illegal immigrants will enter the country each year starting in 2016.

What’s more, the SSA is proceeding as if nothing has changed in the wake of a federal judge’s injunction against Obama’s November 2014 executive actions. Goss tells NRO that he expects 58,000 new workers will be covered under the OASDI program later this year, although they will not be eligible to collect benefits immediately. “Based on the best advice and counsel we have gotten, we’re working on the assumption that these [executive actions] will persist,” Goss says. “Most indications we seem to get are that it’s likely that this will get back on track, with some delay.” Goss notes that a law, additional regulation, or another executive action by Obama or a future president could alter the way SSA calculates and administers OASDI benefits, but says that he does not expect the court’s order will ultimately succeed in changing anything.