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Survivor Benefit Plan and Special Needs Trusts

The U.S. Department of Defense has recently published guidance for military parents regarding newly passed legislation that will allow them to assign Survivor Benefit Plan (SBP) payments (up to 55% of their retirement pay) to a special needs trust for the benefit of a dependent son or daughter with disabilities.… Read the rest

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Military Survivor Benefit Plans

As part of the legislation passed in the Carl Levin and Howard P. “Buck” McKeon National Defense Authorization Act (NDAA), military members may now designate that survivor benefit payments be placed into a special needs trust for a dependent child with a disability.… Read the rest

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