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Questions Answered by John Joseph Rizzo III
1 Answer | Asked in Social Security for Michigan on
Q: I retired in 2016 at age 60. My deceased husband will be 65 in April, can I collect his social security?
John Joseph Rizzo III
John Joseph Rizzo III
answered on Jan 16, 2018

Prior to your full retirement age, you may claim reduced benefits based on your deceased husband's earning records. If he was receiving a reduced benefit before he passed away, your benefits would be based on his reduced benefits. So, unless he claimed his benefits before full retirement... View More

1 Answer | Asked in Estate Planning for Michigan on
Q: When exactly does a revocable living trust commence? Is it when the grantor passes or when the distribution is made?

My father passed in April 2013 and had a revocable living trust. I received my first distribution in March 2014. According to the terms of the trust regarding distribution, it specifically states: one half of the then fair market value of the trust assets upon the establishment of said trust, and... View More

John Joseph Rizzo III
John Joseph Rizzo III
answered on Jan 16, 2018

The second distribution would be five years from the date of your father's death unless there was some language that required the 11-month delay for the first distribution. Normal trust language would create your sub-trust as of the date of your father's death and provide for the first... View More

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