FAQ on VA Pension (Aid & Attendance) for Alabama Veterans
The VA Aid & Attendance (Special Pension) is a remarkable benefit for Alabama veterans and widows of veterans.
There is not much known about this benefit by many veterans.
Unfortunately, there are quite a few scams out there and then simply inaccurate information is constantly being repeated.
So we have made this FAQ (Frequently Asked Questions) to answer as many of the questions that may be on your mind … (Read more)
Are You Struggling To Figure Out How To Pay For Long Term Care For A Loved One In A Nursing Home?
We often think that Alabama Medicaid is the only way to pay for nursing home for our spouse or parent.
However, Medicaid is simply one solution among a number of solutions.
To properly determine how to pay for nursing home care, we have to look at the risk and then all of the options before we can adopt a … (Read more)
“What’s the difference between VA Aid & Attendance and VA Disability?”
When we’re talking about the VA in terms of helping people who are suffering from some type of illness or injury, there are two major programs. VA Disability and VA Pension (Aid & Attendance). Let’s talk about these one at a time.
The first is the VA disability, also known as compensation.
VA compensation is for someone is dealing with a service-related injury or illness.
Let’s say we were … (Read more)
We talk about the VA Pension — Aid and Attendance (as it is normally called) — often on this site as it is such an important benefit for veterans and surviving spouses. But what exactly are all the rates in 2017?
Do keep in mind that in virtually every situation we are able to help someone, they received the “Aid & Attendance” rates. There are technically two lower levels of the benefit.
Housebound which is where you can’t leave home … (Read more)
“Who should I take professional advice from?”
This is a big issue because professionals of all types (doctors, lawyers, financial advisors, CPAs, social workers, etc) and others love to give advice outside their area of expertise.
So what’s the problem with this?
A professional should only advise you on areas that professional is competent in!
Any professional should be competent in his or her area.
A problem happens when that professional lets ego to get to them and they start … (Read more)
Many times when we’re helping families plan long term care, or maybe helping out families who are in a long term care crisis, the subject of annuities tends to come up.
An annuity under Elder Law is where we turn an asset into a steady stream of income.
We give money to the insurance company, and they hand us back a contract that says, “We will give you X amount of money back over a span of Y months.”
This … (Read more)
“Is it wrong to give them away?”
No. It’s not wrong to give away or to transfer assets assuming the person giving them away has the mental capacity, or if they don’t have capacity, somebody has a proper power attorney and they’re fulfilling that power of attorney in the correct way.
“I thought Medicaid said it was illegal to give away assets for five years?”
If you give away assets and then you apply for Medicaid when you’re qualified, then … (Read more)