VCP allows CSRS or CSRS-Offset employees to contribute up to 10 percent of their basic salary and the money earns a fixed rate of interest, which is set in January of each year. Get your estate documents in order Preparing estate documents is an important part of financial planning. Your Financial Guide explains the probate process and the role of an executor. If you die without a will, the courts are likely to step in and take control of your assets, and your loved ones may not receive what you want them to receive. However, making sure that you choose an executor who will manage your estate through probate to ensure your wishes are carried out can give everyone peace of mind.
Property can become a wild card in the estate-settlement process.
Your Financial Guide explains how the various ways in which property is owned determines how much tax your survivors or beneficiaries might owe upon estate settlement. The Guide also examines other financial tools for managing property, such as the various types of trusts designed for different circumstances. Choosing the right kind of trust can ensure your survivors are taken care of the way you would like. Another financial security the government offers is the Federal Employees Compensation Act, Under certain circumstances, government workers may be eligible for disability and death benefits. All of this is explained in Your Financial Guide .