Evening star., 1924-06-18
YOUR BONUS
Questions That Bother You
Will Be Answered in
This Column.
Address: Room 10, News De-
partment. The Evening Star.
Washington, ID. G.
}. Please tell me if a beneficiary

Q. Please tell me if a beneficiary
whom l might name could devise or
will to another person, in whom l
have no interest and who is not re-
lated to me, the proceeds of my
policy which would become due and
payable upon my DEATH II. G.
A. Your beneficiary cannot leave
any unpaid balances due on account
of the maturity of your policy to any
person. except within the permitted
class of beneficiaries so described in
the adjusted compensation act. Should
you die after making application for
the bonus, naming beneficiary, he
or she would be entitled to the
amount of your policy. Upon your
beneticiarys death the proceeds
could be left to any person named
in a will. The restrictions in the act
apply only to permitted class of
beneficiaries, in the cases of veterans
now deceased. The only way you
Will be able to retain any control of
the expenditure of your bonus after
your death will be to name a repu-
table trust company as beneficiary.
BY establishing a trust estate you
can provide for contingent payment,
l. e.. provide for contingencies such
as death, marriage, survivorship, ma
turity. investment. Your trust
agreement may also provide for ap-
portionment among several in any
manner you may desire. 1t may be
modified at will, without delay or red
tape and without the approval of the
director of the United States Vet
erans' Bureau. Under a trust agree
ment the trust company whom you
might designate to act as your bene-
ficiary could collect the money due
you and expend it as you might have
directed in the trust agreement
Q. father who served during the
war is dead. His wife is also dead.
ceive the benefits of adjusted COM
pensation M. d.
A. Yes, the children of this de-
ceased veteran are entitled to ad-
tusted compensation. The legal
guardians will have to make appli-
cation, or such other person as the
War Department or the Navy Depart
ment may designate.
@. I enlisted in the Army October
5. 1917, sailed overseas October ~.
What would be the amount of my GER
tificate. l am now forty years old?
H. c.
A. You failed to give me the date
you returned from overseas, but
roughly your. bonus certificate will
Q. My husband was in the Army
about eighteen months, serving on
| both this and the other side. He is a
! little backward about supporting me
| and my child. Is there any way l
| can make him set aside at least one
half Of his bonus for our child p
r. P. /.
A The bonus is not payable in
cash, so perhaps your husband will
name either you or his child as his
| beneficiary. There is no way in
| which the certificate your husband
will receive can be divided.
Q. 1 have no relatives to leave my
| bonus to. Whom can name as bene-
| ficiary to do some good with it after
! my death?-Sam.
A. You might name some reputable
! trust company as your beneficiary to
| do such things as you might desire
with the amount of your bonus should
you fail to live for the twenty-year
period. Your beneficiary, IL a trust
| company, can carry out any instruc-
| tions you may leave in a will ANY
charity will be glad to receive the
face value of your certificate or the
interest thereon.
Q. About how many persons will
receive the maximum benefits of the
adjusted compensation act-P. E. p.
A. According to reliable estimates
about 10000 persons are entitled to
receive the maximum benefits of the
bonus law.
Q. After I secure my certificate
how long will it be before I can
get loan on it?-Buddy.
A. The loan value of your certif-
cate will become available two pears
Latter the date of its issue