The GRACE for Military Survivors Act extends the deadline for surviving family members of military personnel to deposit military death benefits into tax-advantaged retirement and education savings accounts. Currently, beneficiaries have only one year to place these death benefits into Roth IRAs or Coverdell education savings accounts, but this bill would expand that window to three years. The legislation also applies retroactively to families who received military death benefits dating back to October 7, 2001, giving them until three years after receiving their benefits or one year after the bill's enactment, whichever is later, to make these contributions. This change allows military survivors more time to make financial decisions about how to invest and grow these benefits for retirement or education purposes without facing tax penalties. The bill has no specified funding requirements since it modifies tax code timing rules rather than creating new spending programs.