New Veterans Administration Rules Released in 2018 The new rules will impact the needs-based benefits for veterans and surviving spouses. Clarification of commonly confusing areas like evaluating net worth, asset transfers, and income exclusions were the focus of the new rules. The Veterans Administration Final Rule, as it’s being called, created a new net worth [...]
Last time, in part 1 of our 3-part series on the Pension with Aid and Attendance Benefit, Brandon Thomson, a Probate Pro attorney, filled us in on the prerequisite qualifications. Now, he’s put it all together for us with an illustrative example. An Illustration Robert, age 82, is a World War II veteran who is widowed. [...]
Welcome to the first of our 3-part series on the Pension with Aid and Attendance Benefit. In Part 1, we’re taking a look at the prerequisites to qualify for the benefit. But first, what is the Aid and Attendance Benefit? It helps veterans and their spouses pay for home care services and assisted living costs. [...]
The Why So, why do you need a trust? Well, the answer is like the answer to many legal questions: “It depends!” In order to determine whether you need a trust, you must consider your specific estate planning needs or, in other words, which arrangement provides you the most favorable cost-to-benefit ratio. Recall that a [...]
Lucky Beneficiaries Receive $100 Million We all dream of that telephone call. The one in which a lawyer calls you to inform you that a rich long-lost relative died and left you with millions. When Wellington R. Burt died at 87 years old in Saginaw in March of 1919, he was one of the eight richest [...]
