VA Aid and Attendance Pension Eligibility Rules are changing. Veterans and their spouses benefit from a monthly pension called Aid and Attendance to assist with payment of long-term care expenses (e.g. care providers, assistance with activities of daily living, wound care, etc.,) provided the Veteran’s assets and income are below the cap established by the Veterans Administration. Two major changes are expected to be implemented by the end of 2015 that will significantly change the ability of Veterans to qualify for the assistance:
Although changes in the Net Worth Test and Transfer Penalties will adversely impact our Veterans ability to qualify for benefits, there are planning opportunities available through pre-planning, transfers for disabled dependents, and economic spend-down. We at Bryson Law Firm, P.C. can help with any potential VA needs you may have.
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