K
kajacoma Asked February 2016
She has all this extra money in her account. Will that lump sum count against her getting the VA benefits?
Follow
Share
VA Survivor Benefits & Inheritance Money question. My Mom needs to be in an assisted living facility and we are just starting the process of applying for Survivors Benefits and Aid & Attendance Benefits. My brother (her son) passed away last year and his estate just got settled. So now she has all this extra money in her account which she will need to help pay for the assisted living facility. Will that lump sum count against her getting the VA benefits?
This question has been closed for answers. Ask a New Question.
3 Answers
ramiller Feb 2016
To qualify for A &A benefits she cannot have more than 60,000 in assets. If she has more than that use it to pay her care bills and when she gets to 60,000 then apply. Otherwise she will be rejected and you will just have to do it again.
Helpful Answer (0)
Report
K
kajacoma Feb 2016
But will it interfere with getting benefits? Is it considered a gift?
Helpful Answer (0)
Report
pamstegma Feb 2016
Yes. You must fully disclose this to the VA.
Helpful Answer (0)
Report
This question has been closed for answers. Ask a New Question.
Popular Questions
Related Questions
- Can my military retirement and social security be garnished to help pay for long term care?
- Are there any benefits for 6 years of air national service?
- I am a Vet (88) and need financial help for dentures. Advice?
- I need a good bed which can adequately support a 350 pound man with serious hip and lower back arthritis. Suggestions?
Ask a Question