If the veteran’s condition (injury or disease i.e. Agent Orange) is combat related, depending on circumstances, apply for CRSC from the Department of Defense. This offsets retirement and will match VA compensation and is non-taxable. However, you cannot have both CRDP (if over 50% rated) and CRSC, but CRDP is taxable. Consequently, it may be an advantage to change to CRSC. The form is DD 2860. If spouse is the beneficiary of the veteran’s military retirement, upon veteran’s death, the spouse will receive SBP from the Department of Defense. Additionally, if the veteran is receiving Tricare for Life, the spouse…
Prior to approval of Veteran’s Benefits i.e. during claim approval process, the children of a veteran are paying for a caregiver. Can they be reimbursed by claimant with the retroactive payment when approval occurs? The claimant and children could execute a promissory note. Therefore, the children’s payments are a loan. Consequently, the children are repaid when veteran’s benefits are approved and received. (Potentially, important for Medicaid, to avoid transfer penalty) However, only what the claimant pays is considered UME, so the answer is it depends. Besides, some companies provide non-secured loans to pay for the care; then they are repaid, with…
Furthermore, an application for Veteran’s Benefits is projecting for upcoming year ( 12 months). Consequently, any gift / income prior to the date of entitlement is non-countable.
If you have a service connected injury, you can and should pursue this type of pension. However, most professionals are interested in Aid and Attendance. Why? They make money off of you.
1. Assess Home-Care Needs: Evaluate the help that is needed in the areas of health care, personal care and household care. 2. Write a Job Description: Write out a job description based on the help that is needed. 3. Develop a Contract: The job contract is based on the job description and should include: Wages, Hours of Work, Employee’s Social Security number (because you must report wages paid to the caregiver to the Internal Revenue Service), and job description. 4. Where to Find a Caregiver: Identify the pool from which you can find a caregiver. You may have neighbors or…
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