Don’t be so fast to spend the first Social Security check deposited into your wife’s bank account following her passing, for if you were to do so, you may find that you have to pay it back.  WHY?  Because Social Security is paid in advance.  In order to be eligible to receive any amount paid, the payee must live for the entire period (month) the payment is intended to provide for.  Recommendation:   Contact your Social Security office following your spouse’s passing for details.

And did you know widowers are eligible for a widower’s Social Security payment if they are 60 or older.  Eligible widowers may want to subscribe for this payment and defer going on their own Social Security program.  Doing so will allow your personal plan to grow in the amount to be paid once you switch over in a year or two.  As with most things financial, be sure to visit with a qualified financial planner to assist  you.  It is well worth the investment, regardless of your financial standing.