It is possible to collect Social Security benefits from your ex-spouse in Illinois, but there are a few things you need to know before you do. Here are the basics of collecting these benefits from your former spouse and how they can help you.
Qualifying for your ex’s Social Security benefits
When it comes to collecting Social Security benefits, you can only collect benefits from your ex-spouse if they are currently deceased or have already retired. In addition, you must be at least 62 years old, and you must have been married to your ex for at least 10 years to qualify for benefits.
What to do if you qualify
First, you will need to fill out an application for Social Security benefits. You can either do this online or by mail. Be sure to include your ex-spouse’s name and Social Security number on the application.
Once your application has been processed, the Social Security Administration will let you know how much money you will be receiving each month. You may not receive the full amount of benefits that your ex-spouse qualifies for; rather, you will likely get a percentage of that amount.
Keep in mind that collecting Social Security benefits from your ex-spouse can impact your own benefits down the road. For example, if you start collecting benefits at 62 and then decide to retire at 65, you may end up getting a smaller monthly check than if you had waited until 67 to collect benefits.
Business and Social Security benefits
Business interests in divorce can also affect your Social Security benefits. For instance, the amount of money you will get will depend on your spouse’s earning records. In addition, if you owned a business together, you shared profits equally, and you receive your own Social Security benefits that are 50% or more of the amount your former spouse gets, you won’t qualify.
Collecting Social Security benefits from your ex-spouse can be a complicated process, but it can also be a great way to get some extra money each month. If you are eligible, apply to get what you deserve.