Building upon the information provided in “Estate Planning Essentials,” this program covers Medicaid, VA Aid and Attendance Pension for wartime veterans or surviving spouses of wartime veterans, and long-term care insurance.
First, Russ explains the Medicaid eligibility rules and dispels common myths about the Medicaid program while giving examples of several legal techniques to preserve as much money as possible.
The program then describes a little-known VA benefit that can pay between $13,000-$25,000 per year (tax free!) to wartime veterans or their surviving spouse to help them pay for in-home, assisted living, or nursing home care and how to qualify.
Finally, Russ touches on long-term care insurance, which is a way to minimize reliance on Medicaid or VA benefits.