VA Benefit Alert
The Department of Veterans Affairs is publishing new regulations for its Aid & Attendance pension.
What is Aid & Attendance?
Aid & Attendance is a VA benefit for Veterans or their spouses who require the aid of another person to help with activities of daily life or to otherwise assist with long-term care needs. Aid & Attendance helps Veterans pay for Personal Care Homes, Assisted Living, Non-Medical In-Home Nursing Care, and Nursing Homes.
What are the new changes?
The new regulations make several changes, but there are a couple of changes you need to know about today!
The New Regulations will go into effect October 30, 2018.
If you are a Veteran or the spouse of a Veteran and you think you may someday need to apply for Aid & Attendance benefits, then you need to do your planning now. All Veterans should talk to an elder law attorney and determine if creating an irrevocable trust before October 30th will protect their assets. Veterans will still be able to plan after October 30th, but they will have to deal with the lookback period and gift rules.
Call the Malee Law Firm, P.C. at (570) 321-6112 today to schedule an appointment to discuss your VA planning.