Quote:
Originally Posted by tooge
Ok, here's the scenario. My Mother in Law is 83 years old. She is currently living in an assisted living facility. My wife does the bulk of the work in taking care of her outside of the facility, driving to Dr visits, taking her out to lunch, any other appointments, etc.
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My BIL wants to pay $2200 to have some company called American Veterans Aid to do all the paperwork to try to get her the VA Long Term Care Benefit since pops was a war vet. It's the Aid and Attendance program. From the research I can find, she doesn't qualify because she makes too much ($3300 per month) with her two pensions. He says that if she doesn't qualify, then we need to "hide" her money by giving it to both he and us. I'm calling BS.
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I believe that's the exact company my in-laws used (or at least did something very similar) for my MIL's mother, who is living exclusively off veterans benefits she gets via her husband who died about 10 years ago now. She's gone a little 'round the bend so they have her in assisted living in the memory care ward and it's not cheap. So they were trying to find some ways to get a few more benefits and this hit their radar.
According to my father in law, it's been worth what they paid for it and then some. It's meant that they have to hold onto some of her assets a little longer than they'd like (for instance, they aren't going to sell her house now), but in the end they came out quite a bit ahead.
It's secondhand but my FIL has generally been pretty up-front with me when he dicks something up; i've been around for nearly 20 years now so I guess he figures I'm not going anywhere anytime soon. He thinks it's worked out quite well for them.