August 13, 2020

Volume X, Number 226

August 12, 2020

Subscribe to Latest Legal News and Analysis

August 11, 2020

Subscribe to Latest Legal News and Analysis

August 10, 2020

Subscribe to Latest Legal News and Analysis

Veteran's Affairs Pensions: Helping Those Who Have Served

In fiscal year 2013, spouses, parents, and children of deceased veterans from World War II, Korea, Vietnam, Kuwait, Iraq and Afghanistan received $6.7 billion in Veterans Affairs pensions or payments. Despite this staggering number, there are still many veterans (and families) who are unaware of their potential eligibility for a wide range of benefits through the U.S. Department of Veterans Affairs. It is important for veterans to know that the benefits are available even if the veteran did not directly retire from the military or suffer injuries in the line of duty.

Generally, the Department of Veterans Affairs offers two types of Pension benefit programs, namely, the Veterans Pension and the Survivors Pension. The Veterans Pension is a tax-free monetary benefit payable to low-income wartime veterans, while the Survivors Pension is a tax-free monetary benefit payable to a low-income, un-remarried surviving spouse and/or an unmarried child(ren) of a deceased veteran with wartime service. In addition to these Pension benefits, veterans and survivors who are either housebound or require the aid and attendance of another person may be eligible to receive additional monetary amounts.

To qualify for these benefits, a veteran must not only meet certain service and discharge requirements, but financial requirements as well. Application processes can be slow, so it is helpful to have all pertinent documentation (discharge papers, marriage certificate, death certificate, proof of medical expenses, etc.) in order when applying. If you are a veteran, or the widow or child of a veteran, it is worth exploring what you may be entitled to - Pension benefits can be the saving grace in a time of financial difficulty or medical hardship.

We thank veterans for the sacrifices they have made and are continuing to make to preserve our liberty and freedom. Let's make sure that they and their families are taken care of upon returning home.

© 2020 by McBrayer, McGinnis, Leslie & Kirkland, PLLC. All rights reserved.National Law Review, Volume IV, Number 227

TRENDING LEGAL ANALYSIS


About this Author

Margaret S. Barr, Estate Planning Attorney, McBrayer, Law firm
Associate

Ms. Barr is a member of the firm's estate planning and administration practice group where she practices in virtually every aspect of estate planning & administration, including wills, trusts (qualified domestic trusts, educational trusts, dynasty trusts), powers of attorney, and advance directives. She understands that estate matters are very personal and is dedicated to providing hands-on attention to the professionals she represents so that their estate matters are handled the right way in every case.

She also assists individuals in the administration of their loved ones'...

859-231-8780, ext. 308