Financial Advisors will tell a veteran or veteran’s spouse there assets must be below a certain amount.
Financial Advisors will tell a veteran or veteran’s spouse there assets must be below a certain amount, i.e. $80,000 then they can apply for benefits.
However, there are a number of factors to obtain veteran’s benefits. First, do you have a service connected condition i.e. injury or disease? Then you apply for a service connected pension. If no service connected condition, if you have a financial need, then you may obtain aid and attendance. However, there is no fixed amount, like Medicaid, but the answer lies in your life expectancy and total gross income vs total UME.
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 firstname.lastname@example.org 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 Benefits.
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