Modern Estate Planning Blog

The New Year brings good news for veterans!

This year, veterans will receive the highest cost of living increase since 2012! Veteran beneficiaries will see a 2% increase. This will impact approximately 1.96 million military retirees and 4 million disabled veterans.

Increases to the Non-Service Connected Aid and Attendance pension benefits are noted below:

• ‍Two Married Veterans - $2903
• Veteran with a Spouse - $2169
• Single Veteran - $1830
• Surviving Spouse - $1176

For many veterans, the Aid and Attendance benefit provides the income necessary to receive care right at home. Veterans can also use this money to pay a loved one who may have been forced to cutback or leave work to provide the veteran the care he or she needs.

Keep in mind that this “Pension Benefit” is income tax free and IS NOT dependent upon service-related injuries for compensation. Aid and Attendance can help pay for care in the home, Nursing Home or at an Assisted Living facility.
Here at the Chubb Law Firm, we’ve had the privilege of helping many Sacramento-area veterans and their families cope with financial challenges by helping them obtain the veteran pension benefits they deserve. If you are a veteran and want to learn more, download our free educational report called, “Uncovering the VA’s Best Kept Secret” where we show you how to get the money that is rightfully yours!

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