Tag Archive for "long term care" - David Wingate's Estate Planning and Elder Law Center

What is the effect of reducing assets when a VA benefit’s claim has been filed and pending?

What is the effect of reducing assets when a VA benefit’s claim has been filed and pending? After a claim is filed, usually, the transfer of assets is not allowed. Therefore, the claim will be denied, and, as previously blogged this will raise Fraud issues. To increase your monthly income, please contact us about a FREE HANDBOOK about VA Benefits, written by David Wingate, an accredited VA Attorney, of Senior Life Care Planning, LLC, go to info@seniorlcp.com or if you require additional information about VA Benefits, visit our Senior LCP's Website. We also have a Blog on Elder Issues and Veteran's…

The surviving spouse cannot collect any deceased veteran’s benefits.

However, a surviving spouse, of a 70% rated veteran, can apply for his/her own DIC benefits, if the veteran died service connected.

What is the Vet entitled, in regard to VA Benefits?

A typical scenario, a married Vietnam Vet, with children, exposed to Agent Orange, has heart and diabetes issues, complications with diabetes, has leg amputated, but has not requested any VA Benefits or help from the VA. What is the Vet entitled, in regard to VA Benefits? The Vet may be rated 100%, if the amputation can be linked to the diabetes. Additionally, file for special monthly compensation due to the loss of a limb. If served in combat, the Vet maybe rated for PTSD. Also, if the diabetes is causing a heart condition, the Vet should pursue this.. As the Vet is…

Regarding VA Benefits, what is “Presumptive” Service Connection?

Participated in atmospheric nuclear testing; occupied or was a POW in Hiroshima or Nagasaki; service before 2/1/92 at a diffusion plant in Paducah, KY, Portsmouth, OH, or Oak Ridge, TN; or service before 1/1/74 at Amchitka Island, AK

When converting an IRA to an immediate annuity for VA purposes, the immediate annuity does not have to have an actuarially sound pay-out.

However, beware of the Medicaid annuity trap; Medicaid has different terms than the VA.

Is there a waiting period before re-applying for Veteran’s Benefits?

No. There is no waiting period to re-apply for Veteran’s Benefits, after you become eligible.

Regarding Veteran’s Benefits – What is a Survivor Benefit Plan?

The Survivor Benefits Plan (SBP) is money paid by the Department of Defense to a surviving spouse, whose military retired spouse (typically 20 years plus in service) paid into the system.

A Veteran filed an initial lock in date, for Veteran’s Benefits,but has yet to file an application because Asset Planning is required, can the planning cause the claim to be rejected?

This question is not an issue of the claim being rejected; but the major issue is FRAUD.

Is their an organization or group that is willing or able to serve as personal representative and fiduciary, for the veteran, if they have no family etc?

The American Legion, DAV, or VFW. If they cannot serve, they may refer someone who can. Also, a shelter or local church who has a staff person willing to assume this role. The VA can also assign fiduciary to an attorney, professional guardian, or nurse case manager, or here may be someone that could assume this position for payment. The payment is made from the veteran's benefit money, but the VA would oversee this. To increase your monthly income, please contact us about a FREE HANDBOOK about VA Benefits, written by David Wingate, an accredited VA Attorney, of Senior Life Care…

Posts Tagged ‘long term care’