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)
The VA Pension (Aid and Attendance) can be a great help in paying for an assisted living facility which in Alabama can range from $2500 a month to as much as $10,000 a month depending on the level of service. Normally the price is around $3,000 a month.
The benefit will pay a qualified widow $1113 a month or a married veteran $2054 a month with a single veteran receiving almost $20,000 a year.
So let’s assume your mother is … (Read more)
Sometimes there are families that say “OK, I get that the VA Pension can pay my father (a married veteran) up to $25,000 a year in tax free benefits. How valuable is this?”
Well, let’s think about it.
What is the rate of return on safe investments these days?
1%?
Maybe 2%?
So how much money do you have to invest to be able to draw out $25,000 a year (actually more with taxes) and not run out of money … (Read more)
The VA Pension or “Aid & Attendance” is designed to specifically help two groups of people:
The benefit is not designed for children of war time veterans who need help. It is only for the war time veteran or … (Read more)
The VA Pension (Aid and Attendance) is a wonderful benefit for war time veterans and surviving spouses (widows or widowers) of war time veterans who now need help with living independently. It can pay up to $25,000 a year in tax free benefits so it can make a huge difference for families struggling with long term care.
But often we are asked “”Do I need to be retired from military to get the VA Pension (Aid & Attendance)?”
No — … (Read more)
We talked about this a little bit, but I just want to focus in on one part. You certainly can go to the VA directly. They can give you the forms. My experience is they’re not going to give you advice on how you get your assets to a level that you qualify and how you get your income to a level that qualifies because they’re not supposed to give you legal advice.
Here’s the typical way it works according … (Read more)
