The rules say a Veteran can have a home, a car and up to $80,000 of other assets such as savings and investments. However, other rules allow the VA to reduce this asset limitation from $80,000 to a lower amount based upon the age of the Veteran and their current medical expenses. In general the older the Veteran is the fewer assets he can have. In general the greater his current medical expenses the more assets he can have getting him closer to the $80,000 amount. Specific dollars amounts for these guidelines are not in the written rules but by talking to people who have prepared and submitted hundreds of applications one can get a pretty good idea of what a specific Veteran can have in savings and investments and still qualify for the VA Aid and Attendance Benefit.
What are the asset limitations to qualify for VA Aid and Attendance Benefits?
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