
Estate Planning For a Longer Life Expectancy
As Texans are living longer than ever before, it’s crucial to consider how this affects your estate planning. With advances in medicine and technology, the
The VA Pension is a program that provides monthly income for wartime Veterans (or their survivors) who meet certain age or disability requirements, and who have income and net worth within certain limits. If you need help with the activities of daily life you may also qualify for increased benefits under the VA Aid and Attendance benefit.
There are three elements of VA Pension eligibility: 1. military record, 2. age or medical need, and 3. financial need.
To be eligible for a VA Pension, a veteran:
Veterans must also show a financial need for a VA Pension. This means that their income and assets must be below certain limits set by the US Congress. We can help you meet this requirement and show you how to maintain your eligibility.
Ultimately, the goal of Estate Planning is to cover the cost of long-term care while preserving assets and maximizing your Veteran Benefit to the greatest extent possible.
Steven Holman
For those who qualify for VA Pension, that benefit will likely be just one part of planning for long-term care. Estate planning enables you to ensure and maintain VA eligibility and find the best tools for maximizing your VA benefit.
Most veterans need to think about additional elements of long-term care planning that are tailored to your individual needs. You may need to consider a Trust in order to maintain VA eligibility or to preserve assets for your loved ones. Don’t make common mistakes like selling a private residence and converting it to cash, that may disqualify you from Veteran benefits. Finally, if your long-term care needs increase we can help you qualify for Medicaid so that you can afford a skilled nursing facility.
FIND OUT HOW MAKE THE MOST OF YOUR VA BENEFITS
As Texans are living longer than ever before, it’s crucial to consider how this affects your estate planning. With advances in medicine and technology, the
The short answer is yes, Department of Veterans Affairs (VA) benefits can pay for at-home senior care. In this article, you will learn how to
A QIT is a special type of trust for seniors in need of long-term care whose income exceeds Medicaid caps. A trust allows a third party (trustee) to hold assets on behalf of a beneficiary.
Steve presented at Allen's senior center. He did a great job of communicating so effectively on a sensitive topic. He listened intently to all question and showed a sincere care for each attendee. I'm recommending him to all my friends who have estate planning or will needs.
Atty. Holman was very thorough and answered all of our questions promptly. Most of the questions were via email, but he also spent time on the phone for the initial consultation, discussing our needs and reviewing documents after they were prepared. We never felt rushed or pressured. My wife and I felt completely comfortable and confident in his handling of our affairs. We highly recommend him !!
Steve's level of professionalism and care is outstanding. Steve has participated in numerous community events and each time, he blesses his audience.
Steve Holman did an outstanding job explaining complex estate matters to me and my 91 year old mother. He also helped us think through some sensitive non-legal, non-financial "elder matters" (like planning for a dignified exit and making sure her wishes were clear and codified). He is bright, energetic and has the perfect demeanor for constructively interacting with older folks. Hire him!