Overland Park Estate Planning Firm Specializes in Veterans Benefits
If you have served in the United States military, you are eligible to receive veterans benefits, such as medical care, pensions, and life insurance. These benefits play an important role in developing an overall financial plan for your future. The attorneys at estate planning firm Stockton & Stern, LLC specialize in veterans planning, working with veterans to develop sound estate plans which address your unique circumstances and needs.
If you are a veteran who has a permanent disability or limited income and are unable to work, you may be eligible to receive a veterans pension. Veterans pensions are need-based benefits that are available to those that meet certain criteria, including financial situation, age, length of service, and other conditions. If you qualify, the veterans pension provides tax-free supplemental income.
The Survivors Pension, which is commonly referred to as the Death Pension, is a tax-free pension. This benefit is available to a spouse or children of a deceased veteran that served the United States during wartime, providing other conditions are met, such as the length of active duty and other criteria. Eligible spouses must not have remarried in order to receive the survivors pension.
Veterans medical benefits are available to those who served in active military duty who were discharged under conditions other than dishonorable. Health care benefits are offered through the Veterans Health Administration, at Department of Veterans Affairs hospitals and clinics, which are located throughout the country.
Veterans life insurance
Veterans may receive Veterans’ Group Life Insurance through the Department of Veterans Affairs (VA). The life insurance policy offers lifetime coverage – providing the insurance premiums are met – which veterans can continue after military service is completed. The veteran does not need to show evidence of good health in order to continue receiving the life insurance benefits.
Veterans loans and other benefits
State and federal agencies, along with the Department of Veterans Affairs (VA) offer home loans, small business loans, burial benefits, and other benefits to qualified veterans.
Veterans benefits play a key role in financial planning
When preparing for the future, all benefits and financial tools should be utilized to their greatest extent for their maximum reward, particularly veterans benefits. At Stockton & Stern, LLC, in Overland Park, our experienced veterans planning specialists work with veterans to develop personalized estate plans that address their concerns and meet their long-term objectives. We are available to answer your questions, discuss your goals, and work with you to successfully plan your financial future. To arrange for a confidential consultation with one of our veterans planning specialists, contact our office at 913-856-2828 or online.