Description

Elder law and special needs attorney Jim Koewler talks with Suzanne Newman about veterans benefits, claims, and appeals under the current rules. If your loved ones have spent any time in the military, they may qualify for benefits you might not be aware with. This segment covers:

Eligibility Update for VA Pension (a.k.a. Aid and Attendance)

Financial eligibility, as of 12/1/2021

• Assets less than $138,489, including one year's income$30,000 seems to get quicker reviewHome property above 2 acres counts
• Income below or close to medical expense

Prior transfers

• "Prior Transfers" affect only VA Pension
• Three year look back for assets given away
• Only penalizes giveaways that made applicant financially eligible
• Penalty can be up to five years of ineligibility
• VA will not pay for one month for every $2,421.25 given away, as of 12/1/2021

Tricky issues

• Providing for spouses expenses at home
• Deciding whether to give away assets
• Getting income within the target amount

Not screwing up the possibility of getting Medicaid in the future

Listen or watch on YouTube if you want to follow along with the presentation. Contact Jim Koewler at The Koewler Law Firm in Richfield, OH by calling 330-659-3579 or emailing jkoewler-afe@protectingseniors.com. His website is https://www.protectingseniors.com.

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