Join expert Theodore Sarenski, CPA/PFS, CFP, AEP, as he walks through who can receive survivor Social Security benefits on a deceased worker’s work record. This 1 hour course will identify when benefits begin, when benefits end, and the limitation of potential benefits.
Publication Date: May 2019
Designed For
Any professional who is advising individual clients should attend this session as well as all of the series of the Social Security sessions to properly advise your clients on Social Security, the backbone of each person’s retirement.
Topics Covered
- Immediate Actions upon Death
- Who Gets Survivor Benefits
- Family Maximum
- Taxation of Survivor Benefits
- Remarriage
- Disabled Widows or Widowers
- Death of Both Parents of Minor Children
- Don't Miss the Lump Sum Benefit!
Learning Objectives
- Identify how to assist clients in obtaining the maximum Social Security benefits for survivors when a loved one dies
- Recognize how to properly plan additional insurance coverage for survivors by knowing what Social Security provides
- Identify how to attract new business with your knowledge in a not so well known area of expertise
- Recognize immediate actions upon death
- Identify survivor benefits and how they apply to clients
- Describe what to do with a Social Security check received in the month a retirement benefit recipient has died
- Recognize within how many months of a worker's death an application for an ongoing monthly Social Security death benefit should be filed
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Specialized Knowledge and Applications (1 hour)
Program Prerequisites
None
Advance Preparation
None
Instructor
Theodore Sarenski
Ted, CPA/PFS, CFP, AEP, is recognized locally and nationally as an expert providing financial planning advice. He currently appears on WSTM-3, Syracuse’s NBC affiliate, taking viewers’ calls and offering planning concepts to viewers. Ted appeared on the PBS affiliate in Syracuse as a permanent guest host of the program “Financial Fitness” which aired live for one-half hour every Thursday at 8 PM EST.
Ted received the 2013 Distinguished Service Award by the American Institute of Certified Public Accountants (AICPA) Personal Financial Planning Division for contributions to further financial planning within the CPA community, industry-related publications and speaking engagements across the country. He received the Sidney Kess Award for Excellence in Continuing Education from the American Institute of Certified Public Accountants (AICPA) at the ENGAGE conference in June 2018.
Ted has presented to regional Estate Planning Councils from Seattle to Syracuse on financial planning topics and Social Security. He has been interviewed by hundreds of radio stations across the U.S. on tax and financial planning topics since 2005. Ted also speaks on financial planning topics at major professional national conferences for organizations such as the American Institute of Certified Public Accountants and the Financial Planning Association, and for private groups.
Ted authored articles on financial planning that have appeared in The Journal of Accountancy, The CPA Journal, The Journal of Taxation and the AICPA Wealth Management Insider. He authored a CPAs Guide to Social Security for the American Institute of CPAs in 2011, and is responsible for its update annually. He has been interviewed and quoted in many publications including: USA Today, The Wall Street Journal, Consumer Reports, The Christian Science Monitor, Investment News, Kiplinger Personal Finance Report, Financial Planning Magazine (cover photo February 2013), Accounting Today and The Practical Accountant.