Question: What is an Aid and Attendance program?
Answer: Funding a person’s long term care can be a difficult challenge. Many people facing long term care issues are in their 80’s, 90’s and in some cases 100’s. Some of these individuals served in the military and in a war situation.
A Veterans Aid and Attendance program provides long term care benefits for anyone who served as little as 90 days in the military while our country was at war.
The Veterans Aid and Attendance program currently pays a qualifying veteran about $1,800 /month or up to approximately $1,150/month to a surviving spouse.
There are income and asset requirements that need to be reviewed when advising a client in this area so not everyone will necessarily qualify.
As always, if you have any questions or would like to learn more, please contact me at firstname.lastname@example.org or 301-575-0313.
ABOUT STEVE SHANE
Steve Shane provides strategic counseling to clients in need of estate administration, charitable giving and business continuity planning while minimizing estate, gift, and generation-skipping transfer tax exposure. He offers legal guidance to clients on asset protection and the proper disposition of assets in accordance with the client’s objectives, while employing tax planning techniques such as the use of irrevocable trusts, life insurance planning, lifetime gifts and charitable trust. He is also experienced with drafting documents for business planning, the incorporation and application for exemption for Private Foundations and the administration of decedents’ estates.
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