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Understanding pensions for veterans and their families

For veterans who have served in times of war, a pension may be paid. This is based upon the particular need of the veteran as well as certain factors like non-service related disability and age. Beyond this benefit exists other benefits that can cover family and help in the even of detrimental occurrences. If your spouse was in the military, or perhaps a parent, you may have less than a strong idea of what financial options are available to you.

Eligible survivors of military men and women who die in the line of fire or who die as a result of a service-related injury or illness are particularly strong candidates to receive compensation. Even if the injury or illness that claims the life of your loved one was not the direct cause of the fatality and was only a contributing cause, you may be eligible. This compensation goes above a pension and is a tax-free monetary amount classified as Dependency and Indemnity Compensation. Survivors will need to provide a death certificate during the proof of eligibility process.

If you require assistance to do certain routine tasks, and you are either military or the spouse of a military person, you may be entitled to an increased pension paid monthly. Examples of the type of assistance you need are getting the help you need with adjustable prosthetic limbs and body parts, using the restroom, bathing, feeding and walking. This additional financial help is called Aid and Attendance.

If you or a loved one has served in the military and is now trying to make end-of-life plans or want to feel secure from a financial standpoint in your future, a Florida elder law and estate planning attorney may prove an invaluable asset, particularly one knowledgeable in veteran's benefits.

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