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The VA Establishes New Regulations for Transferring Assets Prior to Applying for Benefits

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  • October 4, 2018
  • by Brennan & Rogers, PLLC

New regulations were proposed in January of 2015 and the finalized regulations have been published and are, for the most part, the same as what they proposed including a revised net worth calculation, a thirty-six-month look-back period, and a five-year penalty for asset transfers that are less than market value to qualify for a VA pension. With these changes going into effect on October 18, 2018, how does it affect your plans for filing for benefits? Read on to find out more…
VA Establishes Asset Limits and Transfer Penalties for Needs-Based Benefits

This article is for informational purposes only and shall not be construed as legal advice. No attorney-client relationship between the reader and Brennan & Rogers, PLLC, or its attorneys is intended. This article should not be used as a substitute for legal advice. Laws may vary from state to state, and the educational materials found in this article may not apply in all jurisdictions.  

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