Can A Lawsuit Settlement Affect Regular Social Security Benefits?
Many people may be worried that a lawsuit settlement can impact their Social Security benefits. The lawsuit settlement does not even impact Social Security disability benefits either. You have worked many years for those regular Social Security benefits so a lawsuit settlement should not have any kind of major impact on those Social Security benefits. A current landlord who is suing someone who has not paid their rent should not have their Social Security benefits affected if they happen to win a settlement from such a lawsuit. A person who has worked in a factory for thirty years should not have their Social Security benefits ruined due to a lawsuit.
An attorney can answer the question about whether or not a lawsuit settlement can affect regular Social Security benefits. A business owner can end up facing a lot of lawsuits, both wins and losses so obviously the idea of earning Social Security and still having the ability to start a business is something that may appeal to a lot of people. You may find that a lot of people who start businesses in order to supplement their Social Security so they don’t want those business lawsuits to end up impacting their Social Security benefits.
Lawsuits are not really a traditional form of income, but you still have to watch your age and make sure that the lawsuit money will not somewhat affect your regular Social Security benefits. The world of Social Security benefits can be complicated so you have to make sure that you do not put an annuity in your name from a lawsuit settlement, the annuity can impact the amount of money you happen to make when it comes to Social Security. Lawsuits are something that the Social Security Administration are aware of.
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