Weatherford Democrat

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June 23, 2013

VETERANS’ CORNER: A way to honor UAV and cyberspace, achievements

(Continued)

Scam alert

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 effect the future. More information can be found at www.consumer.ftc.gov/articles/0349-poaching-veterans-pensions.

Speak to you again next week.

Jim Vines is commander of AmVets Post 133.

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