Many people are not aware that the Department of Veterans Affairs offers assistance to veterans, their spouses and widows to help with assisted living and nursing home costs. This benefit is known as the Veterans Aid and Attendance Special Pension.VETERANS AID & ATTENDANCEPeople who have served in the military make a lot of sacrifices, but there are certain benefits that go along with service. Most of these are well understood, but the Veterans Aid and Attendance Special Pension is … [Read more...]
Veterans: Develop a Cogent Plan for Aging
Individuals who spend some time in the service may be entitled to certain benefits that can be very useful later on in life. For one, if you serve for at least 20 years in the military, you become entitled to a retirement pension. This coupled with your Social Security benefit could go a long way toward providing you with the ongoing income stream that you need to enjoy your retirement in comfort.Another benefit that is often overlooked is the Veterans Aid & Attendance special pension. … [Read more...]
What Is the Veterans Aid and Attendance Special Pension?
Memorial Day has recently come and gone, and during this holiday we remember our veterans. With this in mind, we would like to take a look at the Veterans Aid and Attendance Special Pension in this post.Veterans Aid & AttendancePeople who have served in the military make a lot of sacrifices, but there are certain benefits that go along with service. Most of these are well understood, but the Veterans Aid and Attendance Special Pension is often overlooked.Veterans are entitled to a … [Read more...]
Veterans Aid and Attendance Special Pension
During the month of November we honor our country's veterans, and we express our gratitude to all those who have served and are serving so that we may live in a free country. In honor of Veterans Day, we would like to draw some attention to an often overlooked military benefit that is very relevant to those who are in the field of elder law: the Veterans Aid and Attendance Special Pension.Long-term care expenses are very high, and these costs are continually rising. There is a gap in our … [Read more...]
July Estate Planning Seminars Scheduled
We have our July estate planning seminars scheduled, and we would like to invite our readers to attend one of these free informational sessions.When you have more of an understanding of the reasons why you may want to take certain steps, you are likely to be motivated to take action for the well-being of your loved ones.People who don't really understand all the facts about estate planning often go through life without making the appropriate preparations. They think that things will just … [Read more...]
This Military Benefit Can Defray Assisted Living Costs
The high cost of assisted living is presenting a challenge as people live longer and the population ages. The Medicare program doesn't pay for assisted living on a long-term basis, so you are on your own unless you can qualify for Medi-Cal.If you plan ahead in an effort to secure Medi-Cal eligibility with the assistance of a licensed elder law attorney, you can be sure that you and your family are retaining a maximum store of assets.Those who have served in the military may well have access … [Read more...]
Veterans Special Pension Can Help With Long-Term Care
If you are a veteran who served at least 90 days with even just one of these days taking place while the United States was involved in a war, you meet the length of service eligibility requirements for the Veterans Aid and Attendance special pension.Long-term care is very expensive in the United States as a whole, and in California it is even more expensive with a room in a nursing home typically costing more than $100,000 annually. Assisted living communities are expensive as well, and even … [Read more...]
Veterans may have to Contend with Look-Back Period
Given the extraordinarily high cost of long-term care, you have to take advantage of any benefit that may be available to you that would defray your assisted living expenses. Veterans of the United States Armed Forces who served for even a single day during a time of war may be entitled to just such a benefit.The Veterans Aid & Attendance special pension is available to veterans who have served for at least 90 days, with a minimum of one of these days taking place during wartime.You are … [Read more...]
Veteran’s Administration Special Pension Programs
I was recently asked an in-depth question regarding a spouse qualifying for VA benefits. I thought this topic would be of interest to those who read my blog.Summary of question: My mother recently placed my father in a nursing home due to his dementia, which has proved to be a huge financial burden. However, my mother is not eligible for Veteran's Aid since she has a sizable IRA account and, therefore does not qualify for aid. If she converts her IRA account to an annuity, she could qualify … [Read more...]
Veteran’s Health and Benefits Administration
Veteran’s Health Administration — The Veteran’s Health Administration provides benefits for a variety of health and long-term care needs. These services are available to anyone with prior service (excluding anyone with a dishonorable discharge).In order to receive these benefits, a veteran is required to get a physical and it generally takes one year to enter the VA health care system. Priority is given to Veterans with a service-related disability, former POWs, and retired military personnel. … [Read more...]
