Can anyone be the care giver in order to get the home care expenses be deducted as un-reimbursed medical expenses?
If the veteran receiving the home care has not been rated in need of Aid and Attendance or Housebound, the caregiver must be a licensed health care professional in order to deduct the wages as Un-reimbursed Medical Expenses. However, if the veteran receiving the home care has been rated in need of Aid and Attendance or Housebound, wages paid to the caregiver is deductible medical expense and the care giver does not have to be a licensed health care professional. Such a caregiver can be a family member. Question: Can I just retain Life Estate of my property, transfer the remainder interest to my son (who does not live with me), and reduce the Net Worth of my assets for VA purposes? I know this works for Medicaid purposes. Answer: No, it does not work for VA pension purposes. If you retain life estate and transfer the remainder interest of the property, the transfer is disregarded for VA purposes. VA interprets that you still retain exclusive right and control of the property.
