Veterans BenefitsOn, September 18th, 2018, the Veterans Administration (VA) released the long anticipated updated VA regulations regarding Veterans Pension Benefits.

On October 18, 2018, new rules will go into effect that will make qualifying for the Pension Benefit (also known as “Aid and Attendance”) very challenging. The Pension Benefit helps pay for un-reimbursed medical expenses (not covered by Medicare or a Medicare Supplement) for Veterans and their surviving spouse.  The new regulations will make this benefit available to fewer Veterans and/or their spouses.

If you are a Veteran or the surviving spouse of a Veteran:

    • Who served in ACTIVE (not reserve) duty during any of these periods of war:
      • World War II – December 7, 1941 to December 31, 1946
      • Korean War – June 27, 1950 to January 31, 1955
      • Vietnam War – February 28, 1961 if Served in Vietnam or August 5, 1964 to May 7, 1975
      • Persian Gulf War – August 2, 1990 continues through today
    • And you feel you may need assistance with dressing, bathing, getting in and out of a bed or chair, feeding or toileting within the next 3 years…

It is in your best interest to call us IMMEDIATELY!

We are alerting you to these changes so that you may have an opportunity to create a trust and transfer assets into the trust BEFORE the new regulations are put into place, thereby, avoiding the new restrictions.

A VERY LIMITED NUMBER OF TRUSTS CAN BE COMPLETED BEFORE THE CHANGES TAKE EFFECT!

A VERY LIMITED NUMBER of Veteran Trusts can realistically be completed due to the need for an initial conference, designing the trust, signing the trust, and for you to have time to transfer your assets into the name of the trust before the rules change and these horrible new regulations go into place.

THE NEW REGULATIONS ARE LIFE CHANGING!

Please understand we are not trying to “drum up business.”  What we are trying to do is WARN people we have previously talked to that did not want to set up a Veteran Trust in the past because they felt they had time.  We want you to know and understand TIME is RUNNING OUT!   There is no longer the possibility of waiting to set up a trust until you or your loved ones needs care!  We have special relationships with our Veteran clients and we have always been advocates for Veterans to get the benefits they deserve.

The same thing happened in 2008 when Medicaid regulations became more restrictive.  Those who acted QUICKLY were able to save tens of thousands, sometimes hundreds of thousands of dollars.  Setting up a Veteran Trust NOW could mean the difference between having enough money to afford assisted living instead of moving to a nursing home.

DON’T DELAY!

Call Vouga Elder Law & Estate Planning TODAY at 636-394-0009 to schedule

 

 

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