Your estate plan is important no matter what your circumstances. It is imperative for you to make the plan and review it periodically to ensure that it is still valid.
There are some situations that demand extra attention. One of these is if you are in the military. There are a few different things that you should think about if you are serving our country.
We know that you might be concerned about what is going to happen when you are gone. We can help you come up with an estate plan that addresses your concerns. This includes developing a will, creating trusts and understanding what benefits your loved ones might be able to receive so that you can relay the information prior to your death.
One very important thing that you should ensure you have in place is a family care plan if you have children. This is something that is very serious because it lays out what your plans for your children are if you can’t care for them. This plan should have a short-term guardian and a long-term guardian, and it must be approved by your commanding officer.
Another thing that you need to think about is who is named as the beneficiary on your SGLI policy. This is something that you can’t include in your will, so verify the information on the policy.
We understand that you likely have some questions about what options you have to make your wishes known. We can help you evaluate the options and execute a plan so that you can rest assured that your family is cared for when you are gone.