As I mentioned in my last blog, my Dad was a World War II veteran. He mostly kept his memories to himself. But, on the rare occasions he opened up, he conveyed a sense of trauma and horror that remains with me to this day.
So it burns me up when our veterans – who should be honored for their service – are made to suffer because of the VA’s incredibly-complex regulations, and their slowness in fulfilling claims. Now, on top of everything else, they may be changing the benefits formula. And it’s not to the vets’ advantage.
Our government has come up with a formula to change the Cost-of-Living Adjustments (read: Lower!) for those receiving Federal benefits. The new formula would save the government money. But it would hurt veterans.
How? Well, AARP has calculated, for example, that a 30-year-old Iraq or Afghanistan vet without children, with a 100% disability, would lose about $100,000 by the age of 75. In addition, over a decade, 23 million veterans would lose a total of $17 billion in compensation!
We all need a budget deal from Congress. But not one that takes bites out of the money due our veterans!
Too many of our veterans are nursing grievous physical or emotional injuries as a result of their service. And, in my opinion, where these folks are concerned, there should be a “No-Cut” policy!
My Dad passed away recently. But I’ll continue to honor his memory – and those of all who’ve served our country – by fighting for the rights of veterans and their families.
At The Law Offices of Alice Reiter Feld & Associates, we’re Elder Law attorneys. We’ve been working with South Florida veterans and their families for 34 years. And we’ve walked many a family through the frightening maze of VA regulations.In addition,we’ve walked them through the Elder Journey…with comprehensive estate planning, wills, trusts, powers of attorney, long-term care planning, asset-protection plans, and assistance with Medicaid.
In fact, we’re sponsoring a very important seminar on veterans’ benefits on March 21. If you’re a vet, you should be there.
And, remember – Whether you have questions about veterans’ benefits or any aspect of estate planning and financial security, we’re just a phone call away.