Posts Categorized: Veterans

My 84 year-old mother just returned from the hospital and is unable to stand, walk or dress herself. My siblings and I take turns taking care of her 24/7 in her home. In the long run this is not safe nor can it continue because we have jobs, our own homes, etc. My father died recently and he was a Veteran, and my mother also has about $105,000 in the bank. What are our options?

Your main goal should be to get the best possible care for your mother, whether at home or outside the home. Home care 24/7 is very expensive, likely even more costly than having her move to assisted living or a nursing home. Because your mother was married to a Veteran, she may be eligible for… Read More »

My father is a Korean War Veteran and has been diagnosed with dementia. He will likely need to move into an assisted living community. I don’t know how my mother will afford to keep her house and pay for my father’s assisted living costs. Are there any Veterans’ benefits that might help?

Yes. A married wartime Veteran like your father may qualify for what is called “pension plus aid and attendance”. This benefit is up to $2,124 per month, tax free for life. The benefit is available if certain health and financial conditions are met, although the rules are complicated.  You should know that this benefit is… Read More »

I am a disabled veteran and own a house in Michigan. I heard that I may not have to pay property taxes. I am strapped for cash and appreciate any assistance I can get. Is this true

Yes. Under a recently passed Michigan law, a disabled veteran who was honorably discharged may be exempt from paying property taxes on his or her real estate. As I am sure you can imagine, this could be a significant amount of money. Furthermore, if the disabled veteran dies, the exemption may continue for his or… Read More »