Honoring our Commitment to Veterans
We are pleased and proud to assist veterans and their families, especially as they face the legal and financial issues that come with aging. These are tough issues, and not every lawyer or financial advisor knows what may be available to you or your family member(s).
What You Don’t Know Can Hurt
There are several programs that can help veterans and their families meet important planning goals and objectives as they age. In particular, a Veteran's Administration program entitled Aid & Attendance Pension may be available to you and/or your spouse to help pay for in-home care or to help offset the cost of care received in an assiste living facility or skilled nursing home.
•Over 25 million people are eligible for some form of Veteran's benefits
•WWII Veterans are dying at the rate of 1,800 per day
•Aid & Attendance Pension benefit may aid the veteran or widow in paying for medical care at home or in facility
•Aid & Attendance can improve their quality of life
What is Aid and Attendance?
•Special Pension Benefit for qualifying veterans or widows of veterans
•Special Pension Benefit to provide help with medical expenses
•Veterans will qualify for VA drug coverage
Military Service Requirement
•90 days active duty
•One day of service during “War Period”
•General or Better Discharge
•Surviving spouse must have been married to the Veteran at the time of the Veteran’s death.
•Widow/widower must not have remarried.
•Must have been married at least one month prior to Veteran’s death or have a child by the Veteran.
Income and Asset Restrictions
There are income and asset restrictions for those who otherwise qualify for the VA’s Aid & Attendance Pension Benefit program. Countable assets do not include ones’ house, car, term life insurance, burial policies, nominal cash value life insurance, or annuities in payout status. Please let us know if we can provide information about these and other programs which may assist veterans and their families.
If a veteran's assets exceed the qualifying amount then please contact our office as we may be able to assist in through the execution of an irrevocable trust or other transfers that are legally allowable under the current VA guidelines.
Coordinating Benefits With Your Estate Plan
It is critically important that you coordinate not only Veterans benefits with other government benefits (including Medicaid), but that you have an elder law attorney review your entire estate plan. While numerous nonprofits and governmental organizations can help advise on benefit applications, it is important that you review your entire estate plan when disability threatens.
If you or a family member or friend would like to know more about your situation and how these or perhaps other strategies may be able to help you meet your unique planning objectives, please contact us to schedule an appointment.