Senior Matters Radio - Idaho Estate Planning

VA Planning

Qualifying for VA benefits can be an overwhelming and confusing process. Our experienced team will help you get the benefits you deserve while preserving your assets for your family and loved ones.

Taking Care of Your Sweetheart

  • 27 January 2022
  • Author: IEP Team
  • 0 Comments
Listen in to Mark Wight as he gives some ideas for making sure your sweetheart is taken care of as you both age.
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Assembling Your Personal Board of Advisors

  • 12 January 2022
  • Author: IEP Team
  • 0 Comments
Join Mark to learn about gathering a group of professional advisors to help you plan the life you want.  
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Six Signs of a Scam

with Rachelle N. Littau

  • 12 January 2022
  • Author: IEP Team
  • 0 Comments
Learn what some of the latest tactics and tricks scammers are using to take advantage of seniors and other innocent people. We are grateful to Rachelle from the Office of the Idaho Attorney General for her expertise. Resources: Attorney General’s Consumer Protection Division...
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Potential Estate Tax Changes

  • 9 September 2021
  • Author: IEP Team
  • 0 Comments
Join Mark as he covers all of what potentially could be included in your estate tax changes this coming tax season.   
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Changes in Idaho's Homeowner's Exemption Law

and What You Need to Know

  • 2 September 2021
  • Author: IEP Team
  • 0 Comments
  Join Mark as he discusses recent changes to the Idaho Homeowners Exemption and other changes from the 2021 Idaho Legislative Session and how they will affect your estate plan.
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What Is VA Planning?

VA Planning is for Veterans or Surviving Spouses of Veterans that are in need of long term care or who may be planning for long term care. Some tools that may be used in VA Planning may include:

  • Last Will and Testament
  • Revocable and Irrevocable Trusts
  • Irrevocable trusts
  • Testamentary Trusts
  • Special Needs Trusts
  • Caregiver Agreements
  • Powers of Attorney
  • Advanced Directives

Is VA Planning Right for You?

  • You are a Veteran that has served at least 90 days active duty and one of those days was during a war period.
  • You are a spouse of a Veteran who served at least 90 days active duty and one of those days was during a war period.
  • Veteran received a better than dishonorable discharge.
  • Need long term care or planning for long term care.
Sample Service

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Frequently Asked Questions About VA Planning

What and who is involved in VA Planning?

What and who is involved in VA Planning?

When planning for the Veteran pension benefit it is best to involve an VA accredited attorney that specializes in VA Pension Planning. You will be involved, directly, in the planning and will be determining who you want to help handle your estate while working to get the VA Pension Benefit. These individuals can be family members, friends or professionals who have a certain skill set to handle your affairs.

Isn’t VA Planning just for Veterans?

Isn’t VA Planning just for Veterans?

It is for Veterans and surviving spouses of Veterans who have not remarried.

How is VA Planning different from other kinds of planning?

How is VA Planning different from other kinds of planning?

VA Planning is specifically for Veterans and their surviving spouse. The VA Benefit is a special benefit available to help Veterans (and their surviving spouses) to help pay for long term care.

What options do I have at this point?

What options do I have at this point?

The earlier you start planning, the more options you have. Plan while you can!

How much will VA Planning cost?

How much will VA Planning cost?

Veterans Planning can start at about $2,500 and go up to $20,000. However, there is no charge for filing the application with the Veteran’s Administration.

How often will I need to update my plan?

How often will I need to update my plan?

Making sure you are compliant with rules laid out by the VA, it is very important to review your plan annually. Our firm offers an annual Veterans Protector Program that will help you stay compliant with VA.

 
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