Nontaxable VA aid and attendance pension

Aid and Attendance is also referred to as “improved pension”, “veterans elder care benefits”, and “VA assisted living benefit”. Each of these terms typically refers to the “Aid and Attendance benefit.” Aid and Attendance is a government benefit for veterans and their spouses who require assistance from another person in order to perform routine daily […]

Life settlement

What is a life settlement? A life settlement, sometimes called a “senior settlement”, is the selling of one’s existing life insurance policy to a third party for a one time cash payment. In exchange for the one time cash payment, the third party becomes the owner and beneficiary of the policy. What is a Viatical […]

Long-term care insurance

As our loved ones age, there may come a time when they need to receive long-term care or move to a long-term care facility. Long-term care can be extremely expensive, and as a result, some choose to take out a long-term care insurance policy ahead of time. Long-term care insurance is one method by which […]

Medicaid impoverishment rules

Medicaid is a joint federal and state program that provides health coverage for certain eligible persons who have low incomes and minimal assets. Medicaid is not to be confused with Medicare which is an entitlement program for those aged 65 or over, those on disability, or those with kidney failure, among other things. Medicare is […]

Your wishes in the manner of your death

Planning for your passing or the passing of a loved one can be a very difficult process. It’s a process that many people may be inclined to avoid altogether. However, avoiding or ignoring end of life planning won’t solve your problems. In fact, by ignoring end of life planning, you may be putting very tough […]