The Veterans Administration (VA) recently announced an increase of 2.8% to its pension benefits commencing January 1, 2019. Pension benefits are for “non-service” related disabilities; i.e., the veteran’s disability did not arise from injuries received during active duty or injuries exacerbated by active duty.
The new monthly benefits will be as follows:
Veteran (single) Veteran (one dependent) Widow
Improved Pension $1,127 $1,476 $ 755
Housebound $1,378 $1,726 $ 923
Aid & Attendance $1,880 $2,230 $1,209
Keep in mind that effective October 18, 2018, the VA may impose a penalty period for some gifts from a veteran to a non-spouse to try to qualify for a pension.
If you have any questions about VA benefits, elder law or estate planning in general, please contact Joseph P. Mattera, Esq. at (937) 223-1130 or firstname.lastname@example.org