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...] about Veterans: Develop a Cogent Plan for Aging
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...] about Veterans Aid and Attendance Special Pension
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...] about Veterans Special Pension Can Help With Long-Term Care
Spouse of Military Retiree Won’t Receive Pension
The best way to engage in veteran's benefits planning is with the assistance of a licensed and experienced San Jose estate planning lawyer. There is a lot to take into consideration, and you don't want to make any assumptions that create difficulties, or fail to take advantage of benefits that are available to you. Understanding all the different veteran's benefits that you may qualify for is part of the equation. But, you also have to examine how these benefits fit alongside the civilian … [Read more...] about Spouse of Military Retiree Won’t Receive Pension
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...] about Veterans may have to Contend with Look-Back Period
