Estate Planning Considerations for Soldiers and Their Families
1 hour 30 minutes
Understand the importance of having a current and appropriate estate plan in place and avoid potential issues that may be encountered.
Many military personnel and their families are unaware of the complex issues they may confront due to frequent changes of assignment and differences in state laws. They may not understand the difference between domicile and home of record and the role it plays in their estate planning. This topic will alert you to the types of issues they may encounter and the importance of having a current and appropriate estate plan in place, both for them and for their families. You will be able to assess the family’s situation and identify the actions to be taken to ensure they and their families are protected should something unfortunate and unforeseen occur.
• You will be able to review your personal and financial situation and identify the additional steps you will need to take.
• You will be able to identify the key estate planning documents needed to protect yourself and your family.
• You will be able to describe the difference between a will and a trust and the uses and benefits of each.
• You will be able to discuss the importance of estate planning for you and your family.