Table of Contents – “VA Improved Pension For War Period Veterans”
PART ONE: INTRODUCTION AND OVERVIEW
1. Introduction to Aid and Attendance
2. Why Assisted Living Beats Nursing Home Living…Hands Down!
3. Three Case Studies Showing How Aid and Attendance Can Assist a Veteran or Spouse
A. How Bill’s extra $1,644 per month check from the VA made it possible to pay for his care in an assisted living facility Alzheimer’s unit…and kept him OUT of the nursing home.
B. How Sera’s $1,056 VA widow’s benefit helped her pay for a private room.
C. Mrs. McCartney’s widow’s benefit helps her disabled son…by increasing his inheritance.
PART TWO: FOUR CRITERIA TO RECEIVE THESE VA BENEFITS
4. The First Eligibility Criteria: Service During Wartime, but Battlefield Service is Not Required.
A. Period of War Defined
B. Proving Service During a Period of War.
C. Proof of Service Checklist
5. The Second Criteria: The Veteran Must be Permanently and Totally Disabled.
6. Criteria Three: Red Ink! The Veteran’s Unreimbursed Medical Expenses Must Exceed His Income, to Receive the Maximum Pension.
A. Income Checklist
B. Unreimbursed Medical Expenses Checklist
C. Calculation of Net Income after Unreimbursed Medical Expenses
7. Assets —The Veteran Can be Too Rich!
A. The Asset Checklist
B. How Much in Net Worth May a Veteran Own?
C. Gifting Away Assets
D. Is it Income or an Asset? The VA’s Version of “Apples and Oranges?”
E. Shifting Net Worth into a Monthly Income Stream.
Case Study: Converting Mrs. Robertson’s worth into an income stream kept her out of the nursing home
8. The Little Known Organization that will Help File Your Claim for No Charge / Case study: Mrs. Coelho receives her $1,056, with free help!
9. Benefits for Spouses / Case study: Mrs. Blue doesn’t have to go to the nursing home
10. How Long Does the Application Process Take?
11. The VA Benefits are Retroactive
12. The Veteran or Widow Must Re-Qualify Each Year
PART THREE: CASE STUDIES
A. Miss. Gann gets a private room and extra money.
B. Mr. Lindsay: Qualifies but inadvertently creates a tax problem.
C. Mr. Bert keeps his personal residence.
D. The Hanson’s horror story: $100,000 of unnecessary taxes.
E. Byrd hypothetical: Can a veteran with $500,000 qualify for benefits?
PART FOUR: IMPORTANT CONSIDERATIONS
13. What if My Loved One Eventually Needs Medicaid Nursing Home Benefits? Case Study: Mom broke her hip
14. The Family Should Take a Good Look at the Veteran’s Current Estate Plan….If There is One?!
15. The Adult Children Should Consider How a Gift from Their Father or Mother Could Possibly Impact Their Own Estate Plan.
16. IRA’S, KEOGH’S, 401(K)’S, 403(B)’S, Etc.
17. Financial Elder Abuse: The “Hot, New Fall Fashion” of Lawsuits!
We want to hear from you!
755 N. Peach Ave., Office H-4
Clovis, CA 93611