Stubbins Watson & Bryan August 2018

THE LEGAL NAVIGATOR AUGUST 2018

FROM THE DESK OF

Mike Bryan

Hello everyone! This month I would like to say a few words about Veterans Benefits — specifically, the Improved Pension Program. If someone is experiencing home health care, assisted living, or nursing home costs, this is one of the most valuable benefits available. This benefit can work for Veterans or widowed spouses of Veterans. The Veteran must have served at least 90 days active duty with one day during a wartime period. The Veteran must have received a discharge something other than dishonorable. The household must have limited income and assets available as well. In order to maximize benefits, the applicant must also require some assistance in order to meet “Aid and Attendance” requirements. The applicant must be very careful to ensure that they qualify on an income, asset, and healthcare basis. In many cases, irrevocable trusts are used in order to help qualify for VA Benefits, but still provide appropriate protections. It is also important to understand how planning techniques can affect a potential Medicaid application in the future as well. This benefit can allow the applicant to receive anywhere from $14,113 to $26,036 per year in tax-free income from the VA.

AMIDSUMMER NIGHT’S FESTIVAL August Bucket-List Events

August may be void of any major U.S. holidays, but that doesn’t mean there aren’t events worth celebrating during the eighth month of the year. Perhaps owing to its location on the calendar, right at the peak of summer, August plays host to some of America’s most unique festivals and events. No matter where you are on the map, there’s something remarkable going on this month in or near your neck of the woods. Here are a few of the August’s bucket-list events. Maine Lobster Festival August 1–5 Rockland, Maine For much of American history, lobsters were considered the“cockroaches of the sea”and awarded no culinary prestige. Around the turn of the 20th century, however, their reputation as a delicacy began to grow. Diners in Boston and NewYork helped raise the prestige of Maine lobsters, which are now as prized as truffles from Piedmont and bluefin tuna from Japan. It’s no surprise, then, that Maine lobsters have an entire festival devoted to them. During the first weekend in August, upward of 30,000 seafood fanatics from all over the country head to Rockland, Maine, to dine on the country’s most famous crustaceans. In addition to lobster in every form imaginable — grilled, boiled, served in bisques, and heaped on buns — the Maine Lobster Festival features local art, music, and games for kids. It also crowns a “sea goddess” during its yearly pageant. Oh, and if you want to burn off some calories, there’s a 5K and 10K race during the festival. 127 Yard Sale August 2–5 Addison, Michigan, to Gadsden, Alabama

If you have questions about this program, please contact our office!

- Mike Bryan

Summer is yard-sale season, and they don’t come any bigger than the 127 Yard Sale. Billing itself as “the world’s longest yard sale,” it features more than 2,200 vendors from the Midwest

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