Ok - this can be a delicate subject
But I am so frustrated with what I read on veteran Facebook pages
Families that do not know what their veteran had planned for them
Please make sure you are prepared. Some of these ladies - and yes mostly ladies - cannot access their deceased spouses benefits. They might think that it is "bad taste" to even ask about it? Who knows.
So sad.
Do you know about death benefits
Re: Do you know about death benefits
Clem, you make a good point and this is important. I am not a veteran but I did recently update my will, health care proxy and power of attorney. Circumstances change so sometimes documents/plans need to change - if only temporarily.clemencia2us wrote: ↑Sat Nov 27, 2021 10:26 pm Ok - this can be a delicate subject
But I am so frustrated with what I read on veteran Facebook pages
Families that do not know what their veteran had planned for them
Please make sure you are prepared. Some of these ladies - and yes mostly ladies - cannot access their deceased spouses benefits. They might think that it is "bad taste" to even ask about it? Who knows.
So sad.
"All his life he tried to be a good person. Many times, however, he failed. After all, he was only human. He wasn't a dog."
Charles M. Schultz
Charles M. Schultz
Re: Do you know about death benefits
We have been planning to make things easier for the DS's and talking about adding them as beneficiaries to all our accounts in the bank. I also want to give them both power of attorney in case the one of us surviving is incapacitated in some way shape or form.
Jackie
http://inthelandofthelivingskiesii.blogspot.ca/
http://inthelandofthelivingskiesii.blogspot.ca/
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Re: Do you know about death benefits
I think for older couples, it was (and sometimes still is) the case that the husband handled all finances and the wife did not go over the paperwork. Thankfully my parents were not that way.
In an early job, I worked in the pension and profit sharing office of my company. We had at least one case in which the employee never updated his beneficiaries when he divorced and remarried and when he died, all company benefits went to the ex-wife. The law has since changed and in order for the spouse to give up his/her rights to a pension, 401k, etc., the spouse has to specifically sign ahead of time giving up those benefits.
In an early job, I worked in the pension and profit sharing office of my company. We had at least one case in which the employee never updated his beneficiaries when he divorced and remarried and when he died, all company benefits went to the ex-wife. The law has since changed and in order for the spouse to give up his/her rights to a pension, 401k, etc., the spouse has to specifically sign ahead of time giving up those benefits.
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Re: Do you know about death benefits
I was either beneficiary or joint owner of the majority of mom’s assets so they did not have to go through probate and I had access immediately. It made it very easy. I was power of attorney but never had to use it.Jackielou wrote: ↑Sun Nov 28, 2021 8:54 am We have been planning to make things easier for the DS's and talking about adding them as beneficiaries to all our accounts in the bank. I also want to give them both power of attorney in case the one of us surviving is incapacitated in some way shape or form.
Re: Do you know about death benefits
That is the reasoning behind my and Hubby's thoughts. No probate would be awesome for them.floridacatlover wrote: ↑Sun Nov 28, 2021 9:29 am I was either beneficiary or joint owner of the majority of mom’s assets so they did not have to go through probate and I had access immediately. It made it very easy. I was power of attorney but never had to use it.
Jackie
http://inthelandofthelivingskiesii.blogspot.ca/
http://inthelandofthelivingskiesii.blogspot.ca/