Preserve Your Legacy

Estate Planning | Elder Law | Special Needs Planning

SERVICE REWARDED WITH VETERANS A & A

Service Rewarded with Veterans A & A

Most people are aware of the fact that those who serve in the armed forces for at least twenty years are eligible to receive a retirement pension. This reward has always been a good recruiting tool because an individual could choose to join the military right out of high school, gain an education and job experience while serving, and then retire before the age of forty earning a pension while pursuing a civilian career. However, this is not the only pension benefit that the military provides for qualified veterans.

There is an often overlooked benefit called the Veterans Aid and Attendance Pension, and it is available to qualified veterans who need the assistance of another individual to take care of their daily personal needs. One of the reasons why many veterans who are eligible to receive this pension wouldn’t think to check is because the length of service requirement is so minimal. To qualify one must have served at least one day in the military during a time of war, and the total length of time spent on active duty must be at least 90 days.

Aside from the length of service requirement you have to prove that you need the assistance via medical documentation, and there are also financial eligibility criteria to meet. To qualify for the Veterans Aid and Attendance Pension your total assets cannot exceed $80,000; however, the value of your home and your motor vehicles does not count toward this $80,000.

An eligible veteran who is single can receive up to $1,632 per month, and a couple who qualify can get a monthly check for as much as $1,949 . Even surviving spouses can take advantage of the Veterans A & A benefit and receive up to $1,055 each month. It should be noted that these figures are subject to revision by the Veterans Administration at any time.

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