Many times elderly veterans need extra care or have a spouse that requires extra care. For millions of Americans, these costs can strain families and drain savings accounts. Fortunately for veterans, the VA offers a little known but amazing benefit called the Aid and Attendance Benefit. Unfortunately, applying for this benefit can possibly open the door to fraudulent selling practices and scam artists.
In a story that recently hit Texas news, the daughter of a veteran tried to apply for the Aid and Attendance Benefit for her mother who needed additional care later in life. When applying for the benefit, the financial planner helping her made it clear that the application process would come at a cost. Assuming that a VA benefit should not cost anything to those applying, the daughter stopped the application process.
Speaking to a financial planner that specializes in elder care, it was discovered that this particular VA benefit should never cost anything to the applicant or their family. Scammers sometimes target veterans, seniors and their families that need a certain benefit to survive, and make money charging them for the application process. Regardless of if the application is approved or not, scammers will take the money they charged veterans or their families and run.
Even though this story took place in Texas, veterans and their families in all states are warned not to pay for the application process of the Aid and Attendance Benefit. This benefit can be a lifesaver for those that receive it but applying for it can be tricky. Speaking to a skilled elder law attorney can help take the guesswork out of the application process and offer the peace of mind to veterans and their families that the process is legitimate.
Source: KENS5, "Fraudsters exploiting veterans benefits for extra cash," Deborah Knapp, Nov. 24, 2015