The Department of Veterans Affairs provides a monthly pension to pay for long term care for those who qualify. One form of this pension is commonly called Aid and Attendance. There are three qualifying steps to receiving the Veterans Aid and Attendance pension; you must have served during wartime (or be the surviving spouse of a veteran who served during wartime), you must be financially needy, and you must be medically needy. In this article, we’ll focus on what “medically needy” … [Read more...]
13 Disturbing Estate Planning Problems
Each of these 13 disturbing estate planning facts is true; but, each situation can be avoided with a strong, individualized, comprehensive, and up-to-date estate plan. If you don’t name a guardian in your will, your minor children could end up with persons you either don't like or don't know. If you don’t provide for your pet in your estate plan, your pet may be euthanized when you die. If you put assets in joint tenancy with a second spouse, your children may be disinherited. If … [Read more...]
Who is Eligible for Veterans Aid and Attendance Benefits?
An important benefit available through the Department of Veterans Affairs is commonly called the Aid and Attendance pension. There are three prongs of Aid and Attendance eligibility. They are 1.) Wartime Service; 2.) Medical Need Requirements; and 3.) Financial Need Requirements. We’ll talk about each prong of eligibility below. 1.) Wartime Service You, or your spouse, must have served at least 90 days of active military duty. At least one of those days must have been during … [Read more...]
VA Pension Benefits: Do You Qualify?
Veterans and their surviving spouses who meet certain income and asset requirements and who are permanently and totally disabled or 65 years or older may receive a special pension from the Department of Veterans Affairs. To receipt this benefit, the veteran must have been discharged under other than dishonorable conditions and served 90 days or more of active duty, one day of which was during World War II, the Korean War, Vietnam War or Gulf War. The dates the VA uses to calculate these wartime … [Read more...]
How Do You Qualify for Veterans Pension?
The entire nation owes a debt of gratitude to every man and woman who has served in the United States Armed Forces. These men and women, as well as their families, have sacrificed so much so that the rest of us can be safe and secure. If you are a veteran, you are likely entitled to a number of benefits for you service to the country. One of those may be Veterans Pension. The following offers a brief overview of the Veterans Pension program along with eligibility guidelines and application … [Read more...]
Veterans Struggle to Get Benefits Approved
In the United States, veterans are supposed to receive a wide range of benefits that are intended to show, in some small way, how much their service and sacrifice means to the country. One of the lessor known of those benefits is Veterans Aid and Attendance (VA&A) benefits. VA&A benefits are an additional monthly benefit for qualified veterans who are entitled to pension benefits. The extra income each month can make a significant difference to veterans who need assistance at home with … [Read more...]
New VA Rules Changes Sharply Restrict Eligibility for Needs-Based Pension Benefits
Three and a half years after announcing draft rule changes, The Department of Veterans Affairs (VA) has finalized new rules, effective October 18, 2018, that establish, among other things, a new asset limit test, a novel look-back period and penalties on claimants applying for VA needs-based benefits who are found to have violated these rules. The new rules apply to what is known as the Improved Pension program, commonly referred to as “Aid and Attendance” and “Housebound” benefits. These … [Read more...]
Do VA Benefits Transfer to a Surviving Spouse?
Without question, every man, woman, and child in the United States owes a debt of gratitude to those who have served in the U.S. Armed Forces that can never truly be repaid. While the country does make an effort to honor veterans in many ways, another group of unsung heroes is often overlooked – spouses. The husbands and wives of servicemen and women live every day with the knowledge that their spouse may make the ultimate sacrifice for their country, often leaving them a widow or widower at a … [Read more...]
Are You Entitled to Veterans Aid and Attendance?
As a veteran, or the surviving spouse of a veteran, you likely know about some of the more common benefits available to you through the Veterans Administration (VA). You are probably also aware of the complex maze that must often be navigated in order to get approved for the benefits to which you are entitled. You may not find it surprising to learn that you may be entitled to additional benefits through a lesser known program referred to as “Veterans Aid and Attendance (VA&A).” For veterans … [Read more...]
Veterans: Are You Getting All Your Benefits?
The freedoms, benefits, and quality of life enjoyed by everyone living in the United States would not be possible without the sacrifice of every veteran, surviving spouse, and family member of those who served in the Armed Forces. Although there is no way to every adequately repay those who have sacrificed for our country, the government does provide a number of benefits to veterans, surviving spouses, and dependents. Navigating the eligibility guidelines and application procedures for many of … [Read more...]
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