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Family Members join our new Facebook group sponsored by NavyDEP: https://www.facebook.com/groups/Rtcgreatlakes
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#1 |
Member
![]() Join Date: May 2015
Location: Arizona
Posts: 58
Rep Power: 12 ![]() |
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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!
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#2 | |
**Active Duty**
![]() Join Date: Jul 2014
Location: Secret Secret
Posts: 1,284
Rep Power: 262 ![]() ![]() ![]() ![]() ![]() ![]() |
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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 |
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#3 |
Member
![]() Join Date: May 2015
Location: Arizona
Posts: 58
Rep Power: 12 ![]() |
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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 ![]() |
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#4 |
**Active Duty**
![]() Join Date: Jun 2012
Location: California
Posts: 756
Rep Power: 140 ![]() ![]() ![]() ![]() |
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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.
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#5 |
Member
![]() Join Date: May 2015
Location: Arizona
Posts: 58
Rep Power: 12 ![]() |
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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 ![]() |
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