I just took a call from a trusted financial planner who was concerned about a client. It seems the client was “advised” to contact a VA Expert to help them qualify for VA Aid and Attendance benefits. The “Expert” is advising them to liquidate everything they’ve worked their whole lives to save and put it all in an annuity in their children’s names.
Unfortunately, this is happening everywhere – because we have failed to get the word out and share the truth about VA planning. So here it is:
1. Yes, the annuity plan described above will work – and the “expert” will make thousands of dollars selling the annuity – win, win, right? Wrong!
2. What if something happens to one of the children . . . divorce? . . . lawsuit? . . . any number of unforeseen events could cost this parent everything!
VA aid & attendance is a terrific benefit for our war-time veterans . . . they deserve everything we can give them . . . but they do not have to give up everything they’ve earned to get these benefits.
VETERANS . . . you can qualify for the benefit WITHOUT AN ANNUITY! And you can qualify without transferring your assets to your children.
You can maintain ownership, control and customized access to ALL of your assets and still qualify for these benefits . . . but you need a qualified attorney to assess your situation, not an annuity salesman!
The VA benefit should be a part of your total Estate Plan, not the whole thing – don’t fall victim to a salesman who is chasing a big commission!
Hunter Law Office, PC helps families protect their assets against loss from the unforeseen (and foreseen) events in life that inevitably take us off course. We are unique in that our practice is focused on each individual client . . . we design a plan around you and your family . . . because that’s what Estate Planning is supposed to be!
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