Close X

Read Our Blog

Estate Planning for Heroes

Posted by Lizette Sundvick | May 25, 2023 | 0 Comments

Military Family

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/

 

About the Author

Lizette Sundvick

Lizette B. Sundvick is one of the longest practicing female attorneys in Las Vegas, Nevada. She has been a member of WealthCounsel, LLC since 2002 and has received training from various legal and coaching organizations, such as WealthCounsel, LLC, the Nevada WealthCounsel Forum (Founding President – 2009-2012), National Network of Estate Planning Attorneys,...

Comments

There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Comments have been disabled.

Wonderful to Work With

“Lizette and the staff are wonderful to work with and always give us excellent, on target advice. The sense of protection and confidence we have with the Sundvick Legacy Center allows us to relax and enjoy life.”
- Shirley & Terry L.

Professional, but Caring

“I appreciate Lizette's professional, but caring support through my Mom's last years and passing and also the help with my own trust. My experience with Sundvick Legacy services was very positive in every aspect.”
- Judy A.