Asset Question

[zqerky]

If the veteran has assets over the $80,000 threshold, is he able to convert those assets into a trust fund?  If so, is it necessary to do this through a financial advisor and an attorney?  He is applying for Aid and Attendance for his wife.

[pologal1979]

i answered this question in the other forum.

hiding assets = cheating the system.

[Fit2009]

The $80,000 is an example - people get the award with more than $80,000 lots of factors are considered - like the fact that he has a wife - plus, since getting rated Aid and Attendance will change his priority rating and allow him into a VA nursing home (which unlike Medicaid won't take his assets) you should file.