What is the Aid & Attendance Pension and How Can a Veteran Qualify? The Department of Veteran Affairs (VA) operates the Aid and Attendance (A&A) pension. Unfortunately, only a small number of eligible American veterans over 65 and their spouses know about it. With over 30 percent of Americans being wartime veterans, many families could be enjoying the benefits of ...
A VA Pension claim, for the most part, does not die with the claimant. After many years of being viewed as discouraging the pursuit of pension claims by surviving family members, the VA published a rule that allows eligible surviving family members to do exactly that. The rule went into effect on October 6th, 2014. Who Are The Eligible Surviving ...
Retirement is a harsh reality for everyone. Most people think retirement is a long way off but it is important to plan for your post-retirement life well beforehand by contacting a Ventura elder law attorney. In order to retain your financial independence and living standards, a retirement plan is essential.
Asset Protection is a kind of strategy that is made to protect the assets of the beneficiary from the creditors’ claims. These are used by business companies and individuals to limit the creditor’s’ access on their assets.
Estate Planning is something that nobody wants to think about, but death is inevitable, so it is crucial to plan ahead. Myths and Misconceptions regarding estate planning are quite widespread which is why people often take wrong decisions. Some common estate planning myths are: Myth: I am too young for Estate Planning The most common misconception among many is that ...
You must be very particular about choosing anything for your children. But what would they do if one day something unexpected happens to you? How will your children take up your responsibilities? How will they manage everything? This scenario must be frightening. But all these questions can be solved by seeking help from a professional Montecito Estate Planning Attorney who ...
Very few Americans will ever need to worry about paying the federal estate tax. Those for which the tax may apply, however, should know that the current exemption for individual estates is $5.49 million before the 40 percent estate tax gets applied. Although the proposed tax plan in Congress would lead to significant estate tax changes in the coming years, ...
One of the disadvantages to a will compared to a trust is that a will must go through the probate process. Family members and others with vested interests in the estate may challenge the will during probate. By understanding the most common reasons a will gets challenged, you can prepare your estate plan to ensure a will contest does not ...
There are special rules that exist for trusts that hold shares or stocks in S corporations. In fact, there are only three types of trusts that may hold these assets: Grantor trusts Qualified subchapter S trusts (QSSTs) Electing small business trusts (ESBTs) There are additional requirements each of these trusts must meet to hold stocks or shares in S corps. ...
Life insurance is an effective way to protect your family in the event of your untimely death. It can replace income and give your family the ability to cover mortgage payments, the costs of education, medical bills, or other general expenses. Thus, a life insurance policy can be a crucial part of many estate plans.
