A lot of Senior Military Officers and SNCOs in or approaching military retirement inherit IRAs from parents or others. The SECURE Act changed the rules on how you must take distributions. You have choices, but make sure you don't go with the "obvious" solution before you work out the numbers.
More than one active or retired senior military officer or NCO is in a second marriage with children from a first marriage. This can complicate estate planning especially if estate taxes are a concern. One tool to help with planning is a QTIP Trust.
Many retired military senior officers and NCOs own real estate in a state different than they live. They might own rental property or maybe a vacation home. In either case, without proper planning, they could be subject to ancillary probate.
If you've ever worn the uniform of this country, there is a really good chance you have a will based estate plan. While there is nothing wrong with a will based plan and if you have one you're ahead of most Americans, but you might want to consider an trust based plan too. To do that you need to understand them.
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