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Nov 09, 2014
By Senior Advocate Rick Law of the Estate Planning Center at Law Elder Law in West Suburban Aurora, Illinois.
As we discussed before, someone may have told you, or the veteran you love, that you have too much income to qualify for the Aid and Attendance benefit. But did you know, some unreimbursed medical expenses may have an effect on your eligibility?
These expenses can be deducted from your gross income to help determine VA benefit eligibility:
Note: Most medical expenses must be prescribed by a physician to be deductible from gross income for VA benefit qualification purposes.
If the aging veteran you love could use some extra money to help pay for the cost of in-home, nursing home, or assisted living care, give our office a call at 800-310-3100. Your first consultation is absolutely free. We’ll let you know what steps you need to take, right now, to protect yourself and your family. Call now.
Sincerely,
Rick L. Law, Attorney, Estate Planner for Retirees.
Rick was named the #1 Illinois elder law estate planning attorney by Leading Lawyer Magazine. He has been quoted in the Wall Street Journal, AARP Magazine, TheStreet.com, and numerous newspapers and articles. Rick is the lead attorney for Law Elder Law, LLP, focusing in Estate Planning, Guardianship, and Nursing Home Solutions. His goal is to give retirees an informed edge when it comes to dealing with an uncertain future. Get flexible retirement strategies that work during good times and bad, plus information on how you can save your home and assets from being used to pay for long term care.
My wife and I had our first child three years ago. That’s when we decided to set up a trust, should anything happen to either of us. We reached out to Zach Hesselbaum to help us out. He was very thorough and professional throughout the whole process. Zach went above and beyond to make sure that we understood every detail of setting it up and he did an excellent job. We recently had our second child a few months ago. With the new baby, he helped us make the necessary revisions to the trust. Zach made this process great for us! I would definitely recommend using him for any of your estate planning needs!
Tom G., Naperville, IL