Posts Tagged ‘VA benefits’

Can second wife keep veteran’s benefits after he dies?

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…

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Can veteran’s children be reimbursed by veteran with retroactive payments when approval occurs?

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…

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Veteran’s children are paying for caregiver costs, are these VA Unreimbursed Medical Expenses?

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.

Veteran’s children are paying for caregiver costs, are these VA Unreimbursed Medical Expenses?

Only UME paid by the claimant is declarable. Therefore, the children’s payments are not allowed as UME set off.

Veteran’s Beware – Make sure you investigate your Service Connected Pension!

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.

Veteran’s Benefits – DIC for widow of POW

The base DIC for a widow is $1,154.00 per month.

A veteran can receive full military retirement (through the DOD) and full VA pension.

A veteran can receive full military retirement (through the DOD) and full VA pension.  However, the military retirement is countable income towards the IVAP in calculating the pension amount. If a veteran is rated less than 50% service connected, he can choose full taxable military retirement and no non-taxable VA compensation OR offset his taxable military retirement by the amount of non-taxable compensation. If a veteran is rated 50% or greater service connected, he keeps both military retirement and VA compensation.  The amount (which would otherwise be offset) is called concurrent retirement disability payment (CRDP) and is taxable.  Additionally, the veteran can keep…

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The payment to a non-spouse family member for a Veteran’s care can be used as UME, provided money is exchanged.

The non-spouse family member may incur a personal tax liability due to the income paid.

In regards to VA Benefits, any interest or dividends related to stocks, CDs, or bonds that create a 1099 are considered income

If you do not declare this income, during the calendar year the CD was cashed in, it may lead to a demand for overpayment by the VA.

A fact sheet issued by VA Health Care states that all veterans stationed at Camp Lejeune from 1957-1987 should have been contacted through a mail campaign initiated by the Department of the Navy.

As a registered member, veterans will be sent updates on ongoing health studies related to PCE exposure, and they can use that information when determining their next step,

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