NavyDEP
 

Go Back   NavyDEP > DEP & Bootcamp > Powers of Attorney

Family Members join our new Facebook group sponsored by NavyDEP: https://www.facebook.com/groups/Rtcgreatlakes


Reply
 
Thread Tools Display Modes
Old 07-01-2015, 01:01 PM   #1
cthornton1126
Member
 
cthornton1126's Avatar
 
Join Date: May 2015
Location: Arizona
Posts: 58
Rep Power: 9
cthornton1126 is on a distinguished road
Default Some PoA questions

I'm leaving to RTC in December and I have some questions about Power of attorney and paying bills while you are there. I'm 20 years old, and single so I don't have a spouse that can handle it while I'm in basic. The person I trust to handle my income while I can't would be my older sister. I also have a question about the life insurance (worse case scenario) I would like it to go into a college fund or savings account for my two younger adopted siblings. Is that possible? Do I need to see a lawyer to set this up? Thank you in advance!
cthornton1126 is offline   Reply With Quote
Old 07-01-2015, 03:51 PM   #2
CTT1(SW)Griffin
**Active Duty**
 
CTT1(SW)Griffin's Avatar
 
Join Date: Jul 2014
Location: Secret Secret
Posts: 1,289
Rep Power: 260
CTT1(SW)Griffin has a reputation beyond reputeCTT1(SW)Griffin has a reputation beyond reputeCTT1(SW)Griffin has a reputation beyond reputeCTT1(SW)Griffin has a reputation beyond reputeCTT1(SW)Griffin has a reputation beyond reputeCTT1(SW)Griffin has a reputation beyond repute
Default

Quote:
Originally Posted by cthornton1126 View Post
I'm leaving to RTC in December and I have some questions about Power of attorney and paying bills while you are there. I'm 20 years old, and single so I don't have a spouse that can handle it while I'm in basic. The person I trust to handle my income while I can't would be my older sister. I also have a question about the life insurance (worse case scenario) I would like it to go into a college fund or savings account for my two younger adopted siblings. Is that possible? Do I need to see a lawyer to set this up? Thank you in advance!
If you want your sister to have PoA, then that's between you guys. Typically you can talk to the folks you pay bills to and they might give you a break while you're at boot (not being married and all). You can do this with deployment as well (like stopping car payments, storage fees, ect).

For the SGLI, I'm not sure how exactly it's dispersed if something happens. More than likely your family will get a check or checks in the amount listed (typically $400,000). So it would be up to them on what to do with the money. You'll have to put a name down on who you want to receive the money as well.

/r
CTT1
CTT1(SW)Griffin is offline   Reply With Quote
Old 07-26-2015, 07:18 PM   #3
cthornton1126
Member
 
cthornton1126's Avatar
 
Join Date: May 2015
Location: Arizona
Posts: 58
Rep Power: 9
cthornton1126 is on a distinguished road
Default

Is it possible to regulate the money like, x amount for funeral costs then the test go to siblings for college fund? Will my PoA do that
__________________
DEP Date [20150617]
Ship Date [20151208]
Rating - MA
cthornton1126 is offline   Reply With Quote
Old 07-26-2015, 08:52 PM   #4
FutureND
**Active Duty**
 
FutureND's Avatar
 
Join Date: Jun 2012
Location: California
Posts: 756
Rep Power: 138
FutureND has much to be proud ofFutureND has much to be proud ofFutureND has much to be proud ofFutureND has much to be proud of
Default

That is handled by creating a will. You will be able to have legal assist you in creating one for free once you get to your first command, possibly a school.
FutureND is offline   Reply With Quote
Old 07-26-2015, 09:54 PM   #5
cthornton1126
Member
 
cthornton1126's Avatar
 
Join Date: May 2015
Location: Arizona
Posts: 58
Rep Power: 9
cthornton1126 is on a distinguished road
Default

Quote:
Originally Posted by FutureND View Post
That is handled by creating a will. You will be able to have legal assist you in creating one for free once you get to your first command, possibly a school.
Ah, make sense thank you. So I should wait until then, and not take care of it before hand?
__________________
DEP Date [20150617]
Ship Date [20151208]
Rating - MA
cthornton1126 is offline   Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Forum Jump


All times are GMT -6. The time now is 06:19 PM.


Powered by vBulletin® Version 3.8.8 Beta 3
Copyright ©2000 - 2017, Jelsoft Enterprises Ltd.

vBulletin Optimisation provided by vB Optimise v2.6.0 (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.
This site and contents 2009-2014 NavyFamiles