Qualify for VA “Aid and Attendance”

Alabama veterans who received an honorable discharge and who served during a time of war (WW II, Korean War, Vietnam or Gulf War) and who are disabled or 65 may be entitled to receive up to over $2000 a month in tax free benefits. This can be used to pay for home health or the cost of an assisted living facility and can slow down or stop the path to having to enter a nursing home.

Read our articles and watch our videos to find out more about this wonderful benefit that unfortunately only about 10% of eligible veterans receive.

You may want to start with our article “FAQ on Aid and Attendance for Alabama Veterans”.

FAQ on VA Pension (Aid and Attendance) for Alabama Veterans

FAQ on VA Pension (Aid & Attendance) for Alabama Veterans

The VA Aid &FAQ on VA Pension (Aid and Attendance) for Alabama Veterans 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)

Concerned About How To Pay For Long Term Care in 2019? Start Here.

Are You Struggling To Figure Out How To Pay For Long Term Care For A Loved One In A Nursing Home?

long term careWe 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)

Definition of Estate Planning and Elder Law Words

The purpose of this section is to give you a short definition of many of the common words used in estate planning and elder law.  Within each definition, the italicized terms are listed in this glossary so you can find the definition of those as well.  Let me know any other words you would like to see added to this in the next edition — thanks!  (This is from our upcoming book).

Activities of Daily Living (ADL):  These are activities (Read more)

What is the change that the VA is trying to make to VA Pension or Aid & Attendance?

The benefit known as VA Pension, or Aid & Attendance, for a married, war-time veteran, can mean up to $25,000 a year tax free. This money is for long-term care. That can be care at home, in an assisted living facility, or even in a nursing home.

Right now,  the VA does not have a “Look-Back Period.” This means if we apply, the VA would look back in time to see if you had given away any assets. … (Read more)

What’s the difference in a revocable and irrevocable trust?

There are two basic types of trusts — revocable and irrevocable.

So what is a trust?

A trust is a box that we put assets into — our house, our investments, checking accounts, etc.  In the video we illustrate this by using a fancy treasure chest — well, it was ten dollars off Amazon.  🙂

What is a revocable trust or revocable living trust?

A revocable trust is one that I can change my mind on — I can put … (Read more)

What’s the problem with giving away assets to my children?

Often when folks consider estate planning, especially long term care planning, the option of “giving away assets to my children” is high on the list because it is the cheapest option.  But it is also the most expensive at the same time.

Let’s take a look at this.

The issue — often we need to transfer assets out of our name . . . .

Often in doing proper elder law/estate planning, we need to transfer assets out of our … (Read more)

What are the advantages and disadvantages of a financial Power of Attorney?

There are a lot of differing opinions when it comes to estate planning but most experts agree that if you have the right person to serve as your agent, then an essential estate planning document is a “power of attorney” or “durable financial power of attorney”.

Let’s see why. . . .

What is a power of attorney?

This is a legal document where you give someone else (“agent”) the power to sign on your behalf. The power to, in … (Read more)