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surviving spouses
Trends
- 1
Attention is turning to widow's pensions in Germany, with reports that benefits are reduced once a surviving spouse's gross income exceeds 1,871 euros. The rule determines how much of the survivor's pension is withheld depending on additional earnings. Many people are unaware of the income thresholds and are discussing where the limits lie and how the deductions are calculated.
- 2Spouses Protected: 2014 HUD Rule Lets Widow Stay After Reverse Mortgage●Her Husband Is Taking Out the Reverse Mortgage in His Name Alone. When He Dies, a 2014 HUD Rule Will Let Her Keep Living There, and the Lender Will Have to Wait
A 2014 HUD rule is drawing attention from homeowners weighing reverse mortgages taken out in one spouse's name alone. Under the rule, when the borrowing spouse dies, a non-borrowing surviving spouse can remain in the home for life, and the lender cannot foreclose or demand repayment until she moves out or dies. The rule shields widows and widowers who were left off the original loan from eviction, addressing fears that once gripped many surviving spouses.
- 3Westchester expands property tax exemptions for veterans●Veterans, military families and surviving spouses to receive larger property tax exemptions in Westchester
Westchester County is increasing property tax exemptions for veterans, military families and surviving spouses, meaning eligible households will pay less in local property taxes. Officials say the change is intended to ease the financial burden on those who served and their families. The announcement is drawing attention from residents and veteran advocacy groups in the region.