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Home » Elder Law » Those Who Served May Qualify for Special Pension

Those Who Served May Qualify for Special Pension

February 1, 2013 by John Potter

The Veterans Aid and Attendance special pension is potentially available to United States military veterans or their spouses who need assistance with their day-to-day needs. Many people are not aware of the existence of this benefit, but it can certainly be a great boost to veterans who need living assistance.

Most people have heard of the military retirement pension. People who serve in the Armed Forces are entitled to a retirement pension for life after serving for a minimum of 20 years. However, this special pension is entirely different.

You do not have to serve for 20 years to qualify for the Veterans Aid and Attendance improved pension. The length of service requirement is just 90 days. However, at least one of the days must have taken place during a time of war.

Aside from the length of service requirement you also must meet the financial eligibility criteria.

This benefit is intended for veterans who have a certain degree of financial need. The program administrators will evaluate the assets that you have along with your income to determine your eligibility.

However, when assets are being tallied your home and your vehicle are not taken into account.

Given the high costs associated with long-term care, this special pension can certainly be a welcome source of relief for qualified veterans.

If you are a veteran who is planning ahead for the future, the wise course of action would be to consult with an experienced elder law attorney who has a background assisting veterans.

 

*The Potter Law Firm is an estate planning and elder law firm with offices in Ashland, Kentucky; northern Kentucky; and the Ballantyne area of Charlotte, NC.

 

 

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Filed Under: Elder Law, Retirement Planning Tagged With: Elder Law, Retirement Planning, Veterans Benefits Planning

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Overall The Potter Firm was very professional. They took what could of been a very complicated process and were able to break it down so it was a lot easier to understand. We are confident we now have made the right decisions in our estate planning. Good firm to work with.

DKS & KMS Client Review August 28, 2020

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John Potter has been a real pleasure to work with. He is very knowledgeable and explains things in a very simplistic manner so the average person can understand how/why the laws are written. He is very attentive and asks questions in such a way that not only helps him understand your goals, but also helps you think about what type of goals and expectations you should be considering. Exemplary client service.

David J. Client Review August 28, 2020

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My husband and I selected Ms. Potter to assist with our small business. She responsive and attentive every time I have a question or need assistance, and is extremely knowledgeable and able to answer any legal question I have had. I know I can count on Ms. Potter for all of my business legal needs and I would highly recommend her to anyone needing legal assistance with such.

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