Veteran’s Benefits Planning-URGENT UPDATE

Veteran’s Benefits Planning-URGENT UPDATE


On September 18, 2018, the VA released its long-awaited new rules concerning eligibility for need-based VA pension benefits like Aid & Attendance. These new rules drastically change planning for these benefits and make it more difficult to qualify for them. The new rules include, among other things:

  1. A “Net Worth” limitation equal to the Community Spouse Resource Allowance (CSRA) established by the federal Medicaid rules, which is currently $123,600. “Net Worth” is defined as countable assets plus annual income.
  2. A limit to the asset exemption for “personal residences” of two acres of land. The value of acreage above the two-acre limit counts towards the “Net Worth” limitation.
  3. A 36-month “look-back” period for asset transfers.
  4. Penalties of up to 5 years of benefit eligibility for transfers of assets above the “net worth” limitation.

The new rules become effective on October 18, 2018. This creates a very unique but very limited window of opportunity for veterans to qualify for pension benefits using the existing “pre-penalty” asset transfer rules. However, the planning needed for doing so must be completed by the October 18, 2018 deadline. Call us right away at (469) 89-ELDER {469-893-5337} or email us at to schedule a time to discuss whether you or a veteran you know may qualify for pension benefits before the new rules go into effect.

2018-09-19T16:00:10+00:00September 18th, 2018|