Memorial Day honors our nation's heroes who have made the ultimate sacrifice. As we cherish the legacies they leave behind, it can serve as a reminder that all of us have legacies to leave our loved ones and communities. For military service members, risking their lives for their country is part of the job, which makes it that much more important that they have an Estate Plan in place to protect themselves, their families, and to leave a legacy of their own design.
Service members and their families understand better than most the importance of being prepared for anything. A solid Estate Plan ensures that preparations are set in the event of their own disability or passing in regard to their assets and healthcare. It answers the questions: What happens to their property? Who cares for their children? Who oversees their finances and healthcare when they can't?
As a benefit to service members and their family, the military provides some free legal services, which includes very limited Estate Planning. These are a good start and kudos to the military for providing these necessary services, but these are far from having a complete, comprehensive Estate Plan that can avoid probate, avoid unnecessary taxes, provide adequate support for family members, and ensure the person's wishes are carried out.
Working with a professional Estate Planning Attorney, they can rest assured that a trust covers all potentialities, takes into account all military-specific benefits, and is individualized to them and their family's specific situation.
Our nation's heroes join the military to protect their country and family. At Sundvick Legacy Center, we help those heroes protect themselves and their families further through the creation of a trust. We work with them to ensure they leave behind a lasting legacy of their own design, worthy of their commendable life in service.
Sources:
https://www.findlaw.com/military/family-employment-housing/estate-planning-and-the-military-what-you-need-to-know.html
https://www.militaryonesource.mil/financial-legal/legal/what-is-estate-planning/
https://www.rocketlawyer.com/family-and-personal/estate-planning/estate-planning-preparation/legal-guide/estate-planning-for-military-service-members
https://www.bfsg.com/we-remember-and-honor-our-nations-heroes-on-memorial-day-estate-planning-for-members-of-the-military/
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