As we commemorate Military Appreciation Month, we want to dedicate this post to our valiant servicemen and servicewomen. This is an opportunity not just to express our deep gratitude for their service but also to discuss the unique considerations military service brings to estate planning and elder care.
Military personnel are entitled to a host of benefits that can significantly impact estate planning. These include pensions, healthcare benefits, survivor benefits, and life insurance programs. These benefits, when properly incorporated into an estate plan, can provide a significant financial safety net for the service member’s family.
Military Aid and Attendance Pension
For older veterans, the Aid and Attendance (A&A) pension is an invaluable benefit. It helps cover the cost of assistance for daily activities or nursing home care. An estate planning attorney with expertise in elder law can guide you through the application process, ensuring you maximize the benefit you receive.
Survivor Benefit Plan (SBP) for Military Members
The SBP is an insurance plan that will pay your surviving spouse a monthly payment (annuity) to help make up for the loss of your retirement income. A well-rounded estate plan should factor in these payments as they can provide ongoing support for your loved ones.
Military Service and Long-Term Care
Many veterans aren’t aware that the Veterans Administration (VA) provides some long-term care services. While the extent of these services varies, understanding what is available can significantly impact elder care planning.
Special Considerations for Disabled Veterans
Disabled veterans often have access to additional benefits, such as disability compensation, a specially adapted housing grant, or a Special Needs Trust. Incorporating these benefits into your estate plan can ensure that you or your loved one has the necessary care and support, without disrupting eligibility for other benefits.
Navigating the Complexity in Military Matters
Military benefits come with their own set of complexities and regulations. It is essential to work with an experienced attorney who understands the unique challenges and opportunities.
As we honor our military personnel during Military Appreciation Month, let’s ensure they have the information and resources to navigate their unique estate planning and elder care needs. At Skvarna Law Firm, we are committed to providing our military clients with the specialized support they deserve in estate planning and elder care.
Our heartfelt gratitude goes out to all the brave men and women who have served our country. Your sacrifices have not gone unnoticed, and we are here to serve you in return. If you have any questions or need assistance with your estate planning or elder care needs as a military servicemember, don’t hesitate to reach out.
About Skvarna Law Firm in Glendora and Upland, California
Let a skilled attorney assist with your estate plan. So, contact us today to learn about your options (909) 608-7671. We operate offices in Glendora and Upland, California. Therefore, we provide legal services for individuals living in San Bernardino, Los Angeles, Orange, and Riverside Counties. This includes the cities of Upland, Ontario, Rancho Cucamonga, Fontana, Colton, Rialto, Chino, Chino Hills, Glendora, Claremont, Montclair, Pomona, La Verne, San Dimas, Azusa, Covina, West Covina, Diamond Bar, Walnut, La Puente, Corona, Norco & Mira Loma. Visit SkvarnaLaw.com to learn more.
