Trinity Elder Law & Estate Planning - February 2020

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BENEFITS EVERY VETERAN SHOULD KNOW ABOUT Our veterans sacrifice so much for our country, but unfortunately, adjusting to civilian life after service can be a challenge. Trying to manage the paperwork and issues that arise from claiming benefits can put an enormous amount of stress on our veterans. Still, these veteran benefits should be taken advantage of fully, so if you or a loved one has served, here are some basic benefits to enroll in. Long-Term Care Long-term care can cost a fortune, especially for veterans who may have suffered physical and psychological wounds during their service. The Department of Veteran Affairs’ (VA) Aid and Attendance program provides assistance to qualified veterans to cover the cost of nursing homes and assisted living programs. Married veterans are eligible to receive about $26K a year to help cover long-term care costs. A surviving spouse is eligible for about $14K annually for their treatment. Housing Assistance The VA keeps a running list of homes that have fallen into foreclosure. On the VA’s website, veterans can search the listings and purchase homes at a discount with a VA loan. A VA loan is a mortgage loan exclusive to veterans that reduces interest rates and generates lower monthly payments.

scams, invest their money in questionable assets, or just freely give away their money. Difficulty Planning

Does one of your loved ones constantly cancel plans or just fail to show up entirely? If it’s becoming increasingly difficult to make plans within your family, this may be another symptom of Alzheimer’s. They may not remember planned events of any kind, and that may bleed into other routines, such as forgetting to pay bills. If you see any of these symptoms, reach out as soon as you can. We will work together to ensure they’re taken care of. Call anytime at 724.256.8850 or fill out our consultation form on TrinityElderLaw.com.

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Life Insurance Just like long-term care, veterans who have suffered injuries in service often struggle with finding life insurance. However, the Servicemembers’ Group Life Insurance program provides veterans with complete coverage (up to $400K) at a low-cost payment.

Tax Preparation The IRS Volunteer Income Tax Assistance Program offers veterans

and their families free tax services. The tax accountants are IRS-certified and provide information on tax return preparation and can answer any tax-related questions. These are just some of the resources available to the veteran in your family. For more information and benefits, visit VA.gov.

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