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Estate Planning | Elder Law | Special Needs Planning

VA BENEFITS AND ESTATE PLANNING CONSIDERATIONS: PART 1 OF 3

VA BENEFITS AND ESTATE PLANNING CONSIDERATIONS: PART 1 OF 3

During an initial consultation with our office, we may discuss your estate planning needs as an honorable veteran and the VA’s role. The United States Department of Veterans Affairs (VA) can trace its history back to the Colonial Era. In 1776, the Continental Congress began providing military benefits to soldiers to encourage them to enlist during the Revolutionary War. Congress officially established the VA in 1930. Since its early years, the VA provided pension, disability and health care benefits to eligible veterans. It began providing benefits to surviving spouses of veterans, including pension, survivors’ benefits and health care benefits.

Proper estate planning for military families includes discussing VA benefits. Military service members can also help their families receive up to $100,000 in next of kin survivor benefits if they died while performing active duty or within 120 days of separation due to a wartime injury or service-related illness. The VA provides some family members of service members killed during active duty for training or caused by a service-related injury a dependency and indemnity compensation allowance. The dependency indemnity compensation allowance provides family members and surviving spouses with a monthly basic payment allowance and additional aid for special circumstances.

You may contact our office to discuss the rights that your survivors have to your benefits if you died during active service or after performing service and while a civilian.

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