Tuesday, November 15, 2011

Mistakes Made By Surviving Spouses

Common mistakes made by a widow or widower include:

1. Improperly executing the IRA roll over,
2. Retaining investments for sentimental reasons,
3. Collecting social security benefits too soon, and
4. Not filing a federal estate tax return to preserve the deceased spouse's unified credit (for deaths in 2011 and 2012).