Share

Elder Law of Louisville's Blog

Thursday, March 12, 2015

VA Proposes Rule Changes - 3 Year Look-Back

On January 23, 2015, the VA proposed changes to its rules regarding the VA Pension Benefit and VA Death Pension Benefit, including its Aid & Attendance benefit.  Under the new rules there will now be a strict asset limit, a 3 year look-back on asset transfers, and a penalty for asset transfers that could last as long as 10 years.  There are several other changes as well.

To learn more about this, see today's article on Military.com at:

http://www.military.com/daily-news/2015/03/12/rule-changes-will-tighten-restrictions-on-va-aid-assistance.html?comp=7000023317843&rank=1

Elder Law of Louisville is hosting a webinar next week to discuss the proposed changes in more depth.  More information about the webinar will be posted in the next day or two. 

The proposed changes are currently in a "public comment" phase.  That phase expires on March 24, 2015.  The VA has not said when they intend to implement the new rules.  We encourage everyone to comment on the proposed rules.  You may do so online at:

https://www.federalregister.gov/articles/2015/01/23/2015-00297/net-worth-asset-transfers-and-income-exclusions-for-needs-based-benefits

 


Archived Posts

2016
2015
2014
2013


The attorneys of Elder Law of Louisville (formerly Walsh & Wilson, PLLC) assist clients in Louisville, Kentucky and surrounding counties of Jefferson, Oldham, Shelby, Spencer, and Bullitt. Our Office also serves Southern Indiana and the towns of New Albany, Jeffersonville, and Clarksville.



© 2017 Elder Law of Louisville | Disclaimer
4500 Bowling Boulevard, Suite 150, Louisville, KY 40207
| Phone: 502-410-5080

Elder Law | Medicaid | Guardianships | Power of Attorney | Living Will / Advance Directives | Veterans Benefits | Special Needs | Estate Planning | Trusts | Estate Probate | Trust Administration | | About Us | Resources

Attorney Website Design by
Zola Creative