Who pays the property taxes on Tunnel to Towers?

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ksaves2

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Yes,

It's nice to pay off the mortgage for deceased veterans spouses as T to T espouses but who the heck is going to pay the property taxes on said property once it's paid off? Yeah, it gives the surviving spouse some breathing room to re-plan their family's lives with surviving kids (if any) but it's not like the family is going to be able to stay in their home if the breadwinner died in the service. Now if there are enough death benefits to cover tax costs lifelong, then my premise is a moot point.

Property taxes need to be paid year by year and if the surviving wife in this case doesn't have the skills to work a high enough income job to cover property taxes, the remaining family will have to move. I assume said wife has to take care of the kids and that's a lot of work! If she say perhaps is college educated and can get into the workforce with a good job, by all means she'll be able to take care of her kids and stay where they're living.

On the other hand, if it's a surviving husband whose wife died in the service and he at least has some marketable skills, should be able to get gainful employment to take care of the kids. If not, he'll have to move and hope his parents and in-laws can help with childcare.

I've seen situations where the wife was highly trained, made a high income and the husband stayed home to be a "Mr. Mom". Nothing wrong with that if the parties in question agree with it. I guess that's where it's prudent to invest in disability insurance if at all possible.

Kurt
 
I guess that's where it's prudent to invest in disability insurance if at all possible.
I bought disability insurance because I was racing karts at 100 plus mile an hour. then when I became disabled because of a fire ant attack it paid out one year after I became disabled, it was one of those few times where the consumer came out ahead and the insurance co. didn't, because at the end of the day, just like a casino, they win.
 
Yes,

It's nice to pay off the mortgage for deceased veterans spouses as T to T espouses but who the heck is going to pay the property taxes on said property once it's paid off? Yeah, it gives the surviving spouse some breathing room to re-plan their family's lives with surviving kids (if any) but it's not like the family is going to be able to stay in their home if the breadwinner died in the service. Now if there are enough death benefits to cover tax costs lifelong, then my premise is a moot point.

Property taxes need to be paid year by year and if the surviving wife in this case doesn't have the skills to work a high enough income job to cover property taxes, the remaining family will have to move. I assume said wife has to take care of the kids and that's a lot of work! If she say perhaps is college educated and can get into the workforce with a good job, by all means she'll be able to take care of her kids and stay where they're living.

On the other hand, if it's a surviving husband whose wife died in the service and he at least has some marketable skills, should be able to get gainful employment to take care of the kids. If not, he'll have to move and hope his parents and in-laws can help with childcare.

I've seen situations where the wife was highly trained, made a high income and the husband stayed home to be a "Mr. Mom". Nothing wrong with that if the parties in question agree with it. I guess that's where it's prudent to invest in disability insurance if at all possible.

Kurt
Spouses of deceased disabled veterans are eligible for a lifelong tax-free death benefit of some amount depending on circumstances.
 
Spouses of deceased disabled veterans are eligible for a lifelong tax-free death benefit of some amount depending on circumstances.
Perhaps that might be enough to cover the property taxes. Surviving spouse might still have to work though depending how much the veterans benefit is. Raising a few little kids in case of death of a spouse alone can be pricey and hard if not enough dollars are coming in. Surviving spouse having to work might end up a reality though unless the military benefits are liberal. For those not in the military, life could get complex quickly. Kurt
 
Perhaps that might be enough to cover the property taxes. Surviving spouse might still have to work though depending how much the veterans benefit is. Raising a few little kids in case of death of a spouse alone can be pricey and hard if not enough dollars are coming in. Surviving spouse having to work might end up a reality though unless the military benefits are liberal. For those not in the military, life could get complex quickly. Kurt
Yes, but lots of single mom's and widows are in the same boat and manage to do it without the mortgage paid off. Life can be hard, at least widows of disabled veterans get a benefit check from the government above other benefits.
 
Yes, but lots of single mom's and widows are in the same boat and manage to do it without the mortgage paid off. Life can be hard, at least widows of disabled veterans get a benefit check from the government above other benefits.
Which I agree is good and nice with veterans. With enough family help, a widow or widower with young children who's not a veteran can get by if extended family is still around to help out with child rearing. Kurt
 
Which I agree is good and nice with veterans. With enough family help, a widow or widower with young children who's not a veteran can get by if extended family is still around to help out with child rearing. Kurt
Yes that helps, but I am not sure what you mean by get by? Millions of single parents get by. ~10.5 million actually. Many of them probably without help from extended family.
https://www.census.gov/newsroom/stories/single-parent-day.html
 
Yes,

It's nice to pay off the mortgage for deceased veterans spouses as T to T espouses but who the heck is going to pay the property taxes on said property once it's paid off? Yeah, it gives the surviving spouse some breathing room to re-plan their family's lives with surviving kids (if any) but it's not like the family is going to be able to stay in their home if the breadwinner died in the service. Now if there are enough death benefits to cover tax costs lifelong, then my premise is a moot point.

Property taxes need to be paid year by year and if the surviving wife in this case doesn't have the skills to work a high enough income job to cover property taxes, the remaining family will have to move. I assume said wife has to take care of the kids and that's a lot of work! If she say perhaps is college educated and can get into the workforce with a good job, by all means she'll be able to take care of her kids and stay where they're living.

On the other hand, if it's a surviving husband whose wife died in the service and he at least has some marketable skills, should be able to get gainful employment to take care of the kids. If not, he'll have to move and hope his parents and in-laws can help with childcare.

I've seen situations where the wife was highly trained, made a high income and the husband stayed home to be a "Mr. Mom". Nothing wrong with that if the parties in question agree with it. I guess that's where it's prudent to invest in disability insurance if at all possible.

Kurt

I've wondered the same thing.

Maybe email Tunnel to Towers and ask them. :dontknow:
 
Yes that helps, but I am not sure what you mean by get by? Millions of single parents get by. ~10.5 million actually. Many of them probably without help from extended family.
https://www.census.gov/newsroom/stories/single-parent-day.html
But, I suspect they have good child care resources and the surviving widowed mom or dad had an education in a marketable skill to make a living. Day care is a last resort but good gosh that costs a lot of money these days if one can find it. If someone has family that's happy to watch the kids for minimal $$$$, that can be a Godsend for those in need where the mom or dad has died young or "disappeared".

My lovely spouse died early at age 57 but our kids were grown. I was like 62 when she died. I have guardianship of a mentally handicapped adult son. Had to go through the legal system to do it. Cost me a bit of money but my son is safe with me. His sister will have guardianship when I die. Used a lawyer who lives down the street from me who also has a mentally handicapped son. I'm glad I did this early than rather let my daughter have to go to court to sort it out after I croak.

Anyone else in this situation I say go through the legal system with lawyers and judges as early as possible. They love this stuff. It actually helps people to do what is right and in my case wasn't a contested thing. My son didn't have any assets I was trying to get and I expect my lawyer explained that to the judge.

Lawyer probably went into judge's chambers, between cases and explained the situation and the judge signed off on it. My son had no financial assets I would be getting my claws into so that was in my favor that I was acting in his best interest. The fact that it was a small town situation and these legal folks (lawyers and judges) know one another probably helped. We didn't have to make an appearance in court to get this done. In some cases it might take a court appearance in a large jurisdiction to get guardianship. I think it cost me $1500.00 in fees to get done. It was money well spent though I think "wholesale" it would'a been $800.00.
The bill was well itemized with time and the billing rate listed.

The school records spoke for themselves on his handicap and helped immensely. When I applied for Social Security disability for him, his disability attorney said they didn't need my son's medical records as the school records testified to his impairment.
I got a copy of the school records and they were "thicker" than his medical records.

It's funny, I mentioned my son's problem to a will/trust lawyer during a meeting off hand one time about the will/trust and she was adamant that I pursue the disability route with him. She said benefits are there for him and I should pursue them. She didn't do that type of practice but recommend an attorney that did. She had a nephew with a mental handicap and knew what folks have to go through. Best attorney advice I ever received and Karen didn't even practice in that field! Did wills and trusts.

I will say when my lovely spouse died, it was easy to get her finances in my name because of the trust. There were minimal taxes after her death as a result of the trust. When I croak, it might be a different thing that my daughter has to deal with.

Getting a disability appellation takes time but it was no big deal for me with my son as I didn't have a problem taking care of him. I was a bachelor till I was 31 years old and know how to cook. Had to jump back into that when my wife died. She wouldn't let me cook until she got so weak at the end of her illness. Complimented me on my meatloaf. Made me feel good but the circumstances were sad as she was dying of Radon induced lung cancer. She never smoked a cigarette in her life.

I got a Radon meter and saw the horrendous levels in the house. Had it abated with the Radon exhaust fan and it's hardly detectable now. Got a $800.00 measuring meter too so it's not cheap stuff and I know the levels are near undetectable now. Kurt
 
Yes,

It's nice to pay off the mortgage for deceased veterans spouses as T to T espouses but who the heck is going to pay the property taxes on said property once it's paid off? Yeah, it gives the surviving spouse some breathing room to re-plan their family's lives with surviving kids (if any) but it's not like the family is going to be able to stay in their home if the breadwinner died in the service. Now if there are enough death benefits to cover tax costs lifelong, then my premise is a moot point.

Property taxes need to be paid year by year and if the surviving wife in this case doesn't have the skills to work a high enough income job to cover property taxes, the remaining family will have to move. I assume said wife has to take care of the kids and that's a lot of work! If she say perhaps is college educated and can get into the workforce with a good job, by all means she'll be able to take care of her kids and stay where they're living.

On the other hand, if it's a surviving husband whose wife died in the service and he at least has some marketable skills, should be able to get gainful employment to take care of the kids. If not, he'll have to move and hope his parents and in-laws can help with childcare.

I've seen situations where the wife was highly trained, made a high income and the husband stayed home to be a "Mr. Mom". Nothing wrong with that if the parties in question agree with it. I guess that's where it's prudent to invest in disability insurance if at all possible.

Kurt
IMO, anyone who looses their life, defending our Country or serving and protecting the citizens who live in our Country, should not have to pay property taxes.
 
As I understand T to T went to Gold Star members meaning the service member died while in the line of service. When I was in I had the maximum SGLI, life insurance, policy. Checking current rates, if the service member was smart and got life insurance then they could max out at $500K of SGLI for $30/mo. So long as their service member got the life insurance the property taxes shouldn't be an issue for quite some time.
 
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