For years we have been talking about whether there would be a look back for transfers with VA Pension claims. Congress introduced bills from 2012-2014, both failing. The VA has, on its own - without seeking Congressional support - issued sweeping changes in the Federal Register that would:
- Impose a 3-year look back for transfers of assets, including gifts to persons, trusts or purchases of annuities
- Deny claims for up to 10 years due to transfers
- Calculate widow’s penalties almost twice as long as veteran’s penalties
- Count the home place as part of net worth if the lot coverage exceeds 2 acres
Because these proposed changes affect every elder law attorney and estate planning attorney who has or may have veterans as clients, Victoria L. Collier, CELA, the nation’s expert on VA Pension Benefits is presenting a webinar on Thursday, October 29th at 2EST to discuss these sweeping changes to the laws.
During the webinar you will learn what the actual changes will be, how to advise your clients between now and when the law changes, and what can be done to minimize the damage.
The estimated date that these changes will take effect is February 2016—only 3 Months away! All attorneys MUST BE PREPARED!
If you do any VA benefits, estate planning or elder care planning at all, you will not want to miss this webinar.
See you there,
P.S. Even if you have applications that you feel are “SAFE” in the pipeline, they may still be affected by some of the sweeping changes happening in early 2016! Make sure you are on this webinar for your own knowledge and for the benefit/protection of your clients.