Slow
Not much happening on the homefront . . . I guess I am in a slump so to speak. Here are two things that are keeping me busy . . .
Getting closer . . .
A little lipstick and powder . . . who knew they could be fun for a boy?
. . . and of course school too. I did learn something the other day in regards to SGLI (life insurance for military) that was shocking. Did you know if the military member leaves the SGLI to his/her child that the surviving spouse must go to court to be declared the parent? Yes, it doesn't matter if the husband and wife are married . . . you have to spend thousands of dollars on a lawyer to be declared the parent and that money can not be touched until the child is 18 or 21. Just thought some of you might want to know this . . . be very careful who you put down! Is that crazy or what?
Getting closer . . .
A little lipstick and powder . . . who knew they could be fun for a boy?
. . . and of course school too. I did learn something the other day in regards to SGLI (life insurance for military) that was shocking. Did you know if the military member leaves the SGLI to his/her child that the surviving spouse must go to court to be declared the parent? Yes, it doesn't matter if the husband and wife are married . . . you have to spend thousands of dollars on a lawyer to be declared the parent and that money can not be touched until the child is 18 or 21. Just thought some of you might want to know this . . . be very careful who you put down! Is that crazy or what?
posted by Heidi at 9/21/2006 01:15:00 PM
6 Comments:
Clearly one of the BIGGEST reforms that the government should turn their attention to is how the family of our military are treated, especially in your situation Heidi.
Financially speaking, I find this rule to be prudent. If I understand it correctly, if you name an underaged child as beneficiary then you're basically setting the money up as a "trust" and thus keeping anyone else from touching the money. This would come in handy if your relationship with the surviving parent is not a trusting one. Maybe the soldier has doubts that the money will be spent correctly by the surviving spouse and they want the child to have $$ when they come of age.
Once the child is 18, they can get the money without lawyers, right?
I agree with you that the information needs to be CRYSTAL clear to anyone putting down an underaged child as a beneficiary. As long as other money is provided for raising the child, then this works as a trust.
Yes, that happened to someone I know. I made sure my husband named me the sole beneficiary.
I was thinking the same thing as Patti--maybe the courts are thinking that if the soldier left the money to his minor child, the soldier may not have trusted his spouse enough with money to leave it to him/her. So they want to make sure the surviving spouse is OK. Too bad they don't explain these things in detail before the fact.
love the house! you should get Fr. Ivey (i forget his 1st name...David?) or another priest to bless it.
that pic of Colin def'ly needs to go in his future wedding day photos (ya know what i mean, i don't know what they're called)
that's a manly way to lipstick though...almost looks like a busted lip from a fight. the smile gives him away though :)
Heidi your house looks awesome...we love the color of your stone and brick.
Colin did pretty good with the lipstick. We have a similar picture of Joey with lipstick. The lipstick is about an inch wide on his upper and lower lip...like a clown face.
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