The Veterans Administration has issued new rules which drastically change the eligibility for Veterans and spouses to receive Aid & Attendance pension benefits. It is critical that Veterans and spouses take action now to protect assets before the new rules take effect on October 18, 2018.
Payments for meals, lodging, health care, custodial care and other services provided by a facility (assisted living, independent living, etc.) are deductible medical expenses as long as the Veteran:
Payment for assistance with Activities of Daily Living by an in-home attendant are medical expenses as long as the attendant provides the Veteran with health care or custodial care.
The Veterans Administration will not “look back” before the effective date of the new rule (October 18, 2018). The VA will disregard any asset transfers made before that date.
You can protect your assets without any penalty periods if you act now.
Contact Genser Cona Elder Law's 24/7 Elder Law Help Line: 631.390.5000.
Genser Cona Elder Law is a full service law firm based in Melville, LI. Our firm concentrates in the areas of elder law, estate planning, estate administration and litigation, disability planning and health care facility representation. We are proud to have been recognized for our innovative strategies, creative techniques and unparalleled negotiating skills unendingly driven toward our paramount objective - satisfying the needs of our clients.
Genser Cona Elder Law October News and Events
GDGC Awards Amelia Larkin, East Setauket, As LI Middle School Winner of Veterans Red Write and Blue Essay Contest
Veteran’s Benefits: Programs and Payments
Veteran’s Aid and Attendance Seminar
James Weber, Vietnam Veteran, 9/11 First Responder, Honored by GDGC and LI State Veterans Home
GDGC HONORS WINNERS OF STUDENT ART CONTEST TO CELEBRATE VETERANS