Income Limitations for VA Special Monthly Pension- Cleveland Elder Law Attorney
Income is a major consideration for qualification for the VA Special Monthly Pension, as the pension is designed for low-income veterans. Instead of looking at a simple monthly income as a guideline, the VA has assigned its own unique way of determining if you meet income limitations. This formula is [...]
Asset Limitations for VA Special Monthly Pension- Cleveland Elder Law Attorney
The next step in determining eligibility for the VA Special Monthly Pension is the assets held by the veteran. If the veteran has too much in the way of assets, it can be difficult to qualify. There are two categories of assets, countable and non-countable. The assets inside the home, [...]
Service Requirements for VA Special Monthly Pension
In addition to being disabled or over the age of 65, a veteran must have served during a time of conflict. In order to meet the service during war or conflict requirement, 90 consecutive days must have been served, with at least one of those days being during the dates [...]
The Difference Between the VA Special Monthly Pension and VA Disability Compensation- Cleveland Elder Law Attorney
Most veterans are familiar with the VA Disability Compensation program. It is the program that provides monthly compensation to any veteran that has an illness or injury resulting from the veterans service. Examples of qualifiers would include losing a limb at war or having a disease that was the long-term [...]
VA Planning & the Medicaid Trap- Cleveland Elder Law Attorney
Recently, planners have advertised, promoted, and nearly shouted about a type of planning known as VA planning. VA planning plays an extremely important role in determining benefit eligibility. Typically, these types of VA planners—the ones you hear about through advertisements—work to ensure individuals receive the most benefits available to them [...]
Understanding VA Monthly Pensions
For veterans that served during a period of war or conflict, there is an almost unknown benefit that pays out a monthly pension that is available, and extends to the spouse or widow of the veteran, as well. Few of those who qualify for the benefit know of its existence, [...]
Protecting Your Home with Medicaid Planning- Cleveland Elder Law Attorney
A common myth that we hear is that Medicaid will take away your home when you apply. Like most myths, there is a thread of truth in this statement, but overall it is not true. Medicaid will not take your home when you apply, but if the Medicaid applicant owns [...]
Estate Planning for Medicaid- Cleveland Elder Law Attorney
While estate planning in general is a very broad topic, the most important thing to remember about estate planning in regards to Medicaid is that people sometimes die in the wrong order. What we mean by this is that it is often assumed the spouse in the nursing home will [...]