Veterans Aid and Attendance Pension Often Overlooked

When you are planning for the eventualities of aging you do need to state your wishes concerning the distribution of your assets at the time of your death, but you also need to prepare for life as a senior citizen. No one knows for sure how they will feel when they enter into their twilight years, but it is important to make sure that you recognize the possibilities and act accordingly. Many people will ultimately reside in assisted living facilities or nursing homes as they find it increasingly difficult to tend to their own day to day personal needs, but facilities such as these can be quite expensive.

Planning for the possibility of a stay in a nursing home or assisted living facility is prudent, and when you are doing so it is a good idea to make sure that you are not overlooking any government benefits that you may be entitled to. Many veterans are not aware of a benefit that is called the Veterans Aid and Attendance (A&A) Pension, a monthly payment that is available to qualified veterans who need daily help with personal care matters such as bathing, dressing, eating, etc. At this time the maximum monthly benefit for single veterans is $1,632 per month; for couples it is $1,949 per month; and for eligible surviving spouses it stands at $1,055 per month as of this writing.

The thing about this benefit that may keep it hiding in plain sight, as it were, is the fact that many veterans would not think that the amount of time that they served could warrant such a significant reward. To qualify for the Veterans A & A Pension, one must have served a minimum of 90 days on active duty with at least one day taking place during a time of war. If you are interested in applying for this veterans benefit or learning more about it directly from the source, the best course of action is to contact the United States Veterans Benefits Administration.

Charles Pyke is a leading provider of expert estate planning guidance in Atlanta, GA. For more information on veterans aid and attendance and other estate planning services, visit our website.

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