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)
“Who should I meet with to develop a long-term care plan — CPA, lawyer, financial advisor, or insurance agent?”
The simple answer is, yes, you should.
You should probably meet with all of them when developing a long term care plan.
Keep in mind that you shouldn’t take advice from people who give you advice outside their area of expertise.
I may have the greatest doctor in the world but just because he sends an e-mail with this hot stock … (Read more)
“My mom is in a nursing home — is there anything I can do other than spend all of her money on care?”
The answer is yes.
We have a lot more options if we plan ahead of time.
If you give me five before we’re going into a nursing home, we can do almost anything.
But sometimes we don’t have that luxury, or we might plan and then tomorrow there’s a stroke and now we’re facing nursing home.
There … (Read more)
“If I’m 40 should I buy long term care insurance?”
This is a great question and we have to look at the answer from a practical viewpoint.
First, it is smart to consider preparing for the unfortunate event of needing long term care.
Second, is it something that you can afford?
If you can afford it and it’s a good logical thing for you to do, then sure buy the insurance.
But it goes with what I was saying before.… (Read more)
Continuing our discussion of the five most common mistakes we see folks making before they need long term care, we will turn to the fourth mistake.
You can find the articles on the first mistake (assuming no long term care will ever be needed), the second mistake (not having a long term care plan), and third mistake (not having proper estate planning documents) if you haven’t already read them.
Fourth Mistake: Transferring assets without proper legal advice
The … (Read more)