Asset Question

Discussion in 'Share Your Personal Experience' started by amwentz, Jun 30, 2009.

  1. amwentz

    amwentz Newbie

    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.
     
  2. pologal1979

    pologal1979 Guest

    i answered this question in the other forum.

    hiding assets = cheating the system.
     
  3. Fit2009

    Fit2009 Sr. Member

    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.
     

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