Mineral Wells Index, Mineral Wells, TX

Veterans Corner

June 24, 2013

Veterans' Corner

(Continued)

Veterans and their families continue to become targets of dishonest advisers. The advisers claim to offer free help with pension claims. The scheme involves attorneys, financial planners and insurance agents trying to convince veterans to transfer their assets to a trust or to invest in insurance products. What they don't reveal is that these transactions could mean the loss of eligibility for Medicaid services or loss of access to their money for a long time. Adding insult to injury, the advisers are charging fees that range from hundreds to thousands of dollars for their services. Always research individuals and companies before any commitments are made that might affect the future. More information can be found at www.consumer.ftc.gov/articles/0349-poaching-veterans-pensions .

 

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