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    Home » Financial Planning » Will Spouse of Deceased Retired Veteran Receive Pension?

    Will Spouse of Deceased Retired Veteran Receive Pension?

    October 29, 2012Financial Planning, Retirement Planning

    Former military service members who have served for at least 20 years earn a pension that can help pave the way to a comfortable retirement.

    There are other less publicized benefits to tap into as well, such as the Veterans Aid & Attendance special pension. You would do well to gain a full understanding of everything that is available to you as you are making plans for the future.

    Effective veterans benefits planning is something that requires expert advice.  It can be difficult to gain a comprehensive understanding of everything that you are entitled to as a veteran.

    An added level of complexity arises when you try to figure out how your veterans benefits interface with benefits that you are entitled to as an American citizen.

    When you work with a good financial planning attorney to develop a solid long-term plan you can be certain that you are taking full advantage of everything that you have earned. It is very possible for former service members to enjoy a totally comfortable retirement, and it is a much deserved reward for years of selfless service.

    Retirement planning lawyers are often asked about spousal benefits. If you retire from the military with a pension after at least 20 years of service, will your spouse continue to receive that pension after you pass away?

    In fact your spouse would not receive your pension. However, you can provide for your husband or wife by paying into the Survivor Benefit Plan after you retire.

    Full coverage would result in your spouse receiving 55% of the amount of your retirement pension every month upon your passing. You have the option of signing up for lesser coverage as well if this is your choice. The costs of the premiums are set relative to the amount of the benefit that your spouse would receive.

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    Alan Augulis, Estate Planning Attorney
    Mr. Augulis founded his Warren, New Jersey law firm so that he could focus his practice in the areas of advanced estate planning and tax law. Mr. Augulis has invested considerable time and energy helping to educate others on the topic of estate planning and has become a sought-after speaker in the tax and estate planning arena because of his informative and entertaining seminars.
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    About Alan Augulis, Estate Planning Attorney

    Mr. Augulis founded his Warren, New Jersey law firm so that he could focus his practice in the areas of advanced estate planning and tax law. Mr. Augulis has invested considerable time and energy helping to educate others on the topic of estate planning and has become a sought-after speaker in the tax and estate planning arena because of his informative and entertaining seminars.

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