The Veterans Administration has issued new rules which drastically change the eligibility for Veterans and spouses to receive Aid & Attendance pension benefits. It is critical that Veterans and spouses take action now to protect assets before the new rules take effect on October 18, 2018.
Payments for meals, lodging, health care, custodial care and other services provided by a facility (assisted living, independent living, etc.) are deductible medical expenses as long as the Veteran:
Payment for assistance with Activities of Daily Living by an in-home attendant are medical expenses as long as the attendant provides the Veteran with health care or custodial care.
Protect Your Assets!
Create an Asset Protection Trust before October 18, 2018.
The Veterans Administration will not “look back” before the effective date of the new rule (October 18, 2018). The VA will disregard any asset transfers made before that date.
You can protect your assets without any penalty periods if you act now!
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