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Chicago Estate Planning Veterans’ Compensation COLAs

The Cost of Living adjustment for Veterans’ Compensation is a 3.6% increase in benefits, effective December 1, 2011 for benefits to be payable in January of 2012. This adjustment applies to the rates of compensation for veterans with service-connected disabilities and the rates of dependency and indemnity compensation for the survivors of certain disabled veterans. No increase in pension benefits was announced.

Consult your estate planning attorney for further information.