Monday, February 25, 2013

FTC Warns Veterans: Be Wary of ‘Free’ Pension Advice

"The Federal Trade Commission warns veterans and their families:  Be wary of dishonest advisers offering “free” help with paperwork for pension claims.

Unscrupulous lawyers, financial planners and insurance agents advise veterans over 65 to transfer their assets to a trust, or to invest in insurance products, so they can qualify for Aid and Attendance benefits.  By following their advice, you could lose your eligibility for Medicaid services and the use of your money for a long time, plus get billed for fees that range from hundreds to thousands of dollars.

To learn more, read the FTC’s Poaching Veterans’ Pensions.."
http://www.ftc.gov/opa/2013/02/vetspension.shtm

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