Southern Maryland is home to thousands of federal employees working at military installations, government agencies, and contractors throughout the region. If you are a federal worker, your estate plan needs to account for the unique benefits you have — including TSP accounts, FERS retirement, FEGLI life insurance, and federal health benefits.
TSP and Retirement Account Planning
Your Thrift Savings Plan is likely one of your largest assets. TSP beneficiary designations follow specific federal rules and do not automatically update with marriage or divorce. FERS survivor benefits require specific elections during retirement. FEGLI beneficiary designations must be filed separately. Coordinate all federal benefits with your will and trust to ensure a comprehensive plan.
At SoMD Estate Planning, we provide personalized guidance tailored to your specific situation. Contact us about our $1,500 flat-fee estate plan.
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