Chesapeake Military Family Estate Planning Lawyer
Members of the military have a lot to think about. They are often thinking about leaving their family for long periods of time, or they may be preparing to come back home. While it is easy for anyone to put off estate planning, it is even more crucial that military service members have a plan in place.
The truth is that military members put their lives on the line to serve their country and so, it is critical that they prepare for the future. Additionally, military members may also be eligible for certain government benefits, which also make estate planning important. Below, our Chesapeake military family estate planning lawyer explains more.
Estate Planning Before Deployment
Military service members are deployed all over the world and before they go, it is important that they have an estate plan in place. This is particularly true if they have a spouse, children, or other people who are dependent on them. An estate plan will ensure that these loved ones are cared for in the event that something happens. Drafting a will allows military members to outline how they want their property distributed after their death, and name a guardian for their minor children.
While no one may want to think about it, members of the military should also draft a power of attorney as well as an advance health care directive. A power of attorney gives another person the authority to make financial decisions on their behalf in the event that they become incapacitated. An advance health care directive designates someone who can make medical decisions on behalf of the military member if they are ever unable to make decisions on their own. Due to the fact that military members are often in so many dangerous situations, it is critical that they have these important documents in place.
Reviewing Estate Plans After Service
The life of military members often changes dramatically after service. Due to this, it is critical that service members review their estate plan when they come back home. Additionally, the Department of Veteran Affairs (VA) also offers veterans many different benefits military service members may be eligible for. These benefits can also impact an estate plan.
Trusts are often beneficial for service members because they can protect assets and they have many tax benefits, as well. Reviewing an estate plan after service can also help military members determine if they want to change the guardian of their minor children in the event that someone has relocated or their has been a major change in the family.
Our Military Family Estate Planning Lawyer in Chesapeake Can Help
Military service members have unique estate planning needs and so, it is critical that you obtain sound legal advice when drafting yours. At The Law Office of Angela N. Manz, our Chesapeake military family estate planning lawyer can provide it and ensure that your plan protects you and your family. Call us now at 757-271-6275 or fill out our online form to request a consultation.
