Many of you will remember that on January 23, 2015, the Department of Veterans Affairs (“VA”) published some proposed rule changes. If adopted, these proposed rules would significantly affect the ability of veterans and their spouses to qualify for the VA pension benefit. One of the more significant proposed rules is a 36 month look back period for transfers for less than fair market value – i.e. gifts. Currently the VA does not penalize applicants for gifts. Although it has been nearly two years since the proposed changes were released, nothing has been finalized. Many thought the rule changes would be adopted in July of 2016 and when nothing happened in July, there was some speculation that the rule changes would be adopted in September or possibly in December. Lately, it has been reported that the VA will not publish the final rules before April of 2017. It seems clear at this point that no one knows for sure when the final VA rules will be adopted. Stayed tuned for further updates as they occur.
Kiplinger’s recently published an article on benefits that many veterans and their families are eligible for, but may not be aware of. In addition to the Aid and Attendance pension which we have previously written about, other potential benefits include: Life insurance. Hearing aids. Spouse and dependent benefits (DIC). Health insurance. Directed care benefits for […]
Veterans and their spouses may be eligible for the Aid and Attendance Benefit to help pay for long term care. This benefit can be a tremendous help for those struggling with the high costs of long term care. For 2015, the pension program will provide a maximum of $1,788 per month to a single veteran, […]
The Veteran’s pension program provides financial assistance to wartime veterans or their spouses who need assistance with activities of daily living such as eating and bathing. This benefit is at risk due to a new rule proposed by the Veteran’s Administration. According to a Forbes article titled “VA Proposed Rule Is An Attack On Veterans […]