The VAPT is a powerful tool that can protect assets while enabling the grantor to qualify for needs-based pension benefits. There are two sub-trusts within the VAPT – one is a grantor sub-trust and the other is a non-grantor sub-trust. Why is it structured this way? The VA has a direct line of communication with…
Today, Senate Veterans’ Affairs Committee Chairman Jerry Moran (R-Kan.) and Ranking Member Jon Tester (D-Mont.) led a bipartisan group of Senators – all members of the Senate Committee on Veterans’ Affairs – urging President Trump to award the Presidential Medal of Freedom to Harry W. Colmery, a Kansan and World War I veteran as well…
Review of Important 2019 Changes to VA 2019 brought significant changes to VA laws and policies. Following is a recap of two of these changes. One of the most significant changes was related to Blue Water Navy Veterans who served on or near the coast of Vietnam during the Vietnam War. The VA has now…
Let’s say that you have a Veteran pension client that has been receiving pension for over three years now. They sell their house in February of 2020, which puts their assets way above the maximum amount allowed (129k). They don’t have to report the sale to the VA until January of 2021. Does that mean…
Last week’s newsletter that included a video on how to get estate planning and Veteran pension documents signed. Here is a comprehensive list of each state’s orders and a chart to serve as a quick guide to whether your state allows for remote witnessing and notarization of documents. How to get important estate planning documents…
I know many of you are going to ask me why we are talking about this. What does this have to do with our veterans? ALOT! 2.5 million small businesses are owned by American Military Veterans, including our firm, and some of you. So let’s talk about it. President Trump is expected to sign the…
