If you’re like most people, you aren’t eager to spend time thinking about what would happen if you became unable to direct your own medical care because of illness, an accident, or advanced age. However, if you don’t do at least a little bit of planning — writing down your wishes about the kinds of […]
Estate Planning for Veterans
If you or your spouse served in the United States Military, there are several pension benefits that you may be eligible for. It is important to be aware of what these benefits are so that you can take full advantage of them when they become necessary.
The first is called Veterans Pension. This benefit provides veterans and their families with supplemental income in order to assist them in meeting financial challenges. This benefit is tax-free, and is available to wartime veterans with a low income. In order to be eligible for this benefit, a veteran must have served a minimum of 90 days in active duty. At least 1 of those 90 days must have been during a wartime period. A veteran who served after September 7, 1980, must have served 24 months, with at least one day during a wartime period.
If your spouse or parent is a deceased veteran who served during a wartime period, you may be eligible for Survivors Pension. This benefit, also known as a Death Pension, is also tax-free. It is paid out to the un-remarried spouses and children of qualified, deceased veterans. The service requirements are the same as for the Veterans Pension. Additionally, the veteran must have been discharged from the military under other than dishonorable conditions. If you are applying for this benefit as a child of the veteran, you must be either under the age of 18, under the age of 23 and attending a VA-approved school, or have been disabled before you reached age 18.
Got the Book?
Take the 30 Day Challenge: Get your crap together, so your Family won’t have to!
You have your choice of two options. Yup I’m Dead…Now What? or Yup I’m Dead…Now What? The Deluxe Edition.
Amazon
Barnes & Noble
LuLu Marketplace
Amazon
Barnes & Noble
Lulu Marketplace
What’s the difference? The Deluxe Edition contains the 30 Day Challenge along with additional forms, resources, shortcuts and tips. The regular version refers to the website to download these items.
- Amazon is a tad quicker and convenient (if you have prime). I pretty much order everything from Amazon, so why would I not order my books, as well.
- Barnes & Noble is just B&N (some prefer)
- LuLu Marketplace takes a little longer, but is a few pennies cheaper and offers a convenient coil binding.
Whichever option you choose, you just need to choose one!
Don’t delay!
This is one of the most important things you can do for your Loved Ones.
