A financial payment made to the estate of the deceased. Death benefits may come from an employer, government, insurance or veteran's organizations. Executors must be diligent and pursue these benefits for the estate. An executor should closely review the terms of the death benefit and seek legal assistance if required as there are many factors to consider: cause of death, named beneficiaries, service details and many others. Often these payments are received as a lump sum and while most death benefits are not subject to income tax, an executor should confirm that is the case in their estate's jurisdiction.
What you need to know
What to say when a loved one dies
Losing someone you love is one of the most difficult and emotionally raw experiences life has to offer— which is why it's often difficult to find the right words to share with a loved one. Please use this comprehensive list as a trusted guide for sharing your deepest sympathies.
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