If the client is already receiving the maximum widow’s pension (residing in assisted living facility) and her exempt home is sold, can the spouse protect any of the assets?
Unfortunately, if the primary residence is sold after a claimant has filed with the VA, it is a conversion of assets and may disqualify the claimant as of the date of closing.
Therefore, transfer or sell the home BEFORE the claimant files.
To increase your monthly income, please contact us about a FREE HANDBOOK about VA Benefits, written by David Wingate, an accredited VA Attorney, of Senior Life Care Planning, LLC, go to firstname.lastname@example.org or if you require additional information about VA Benefits, visit our Senior LCP's Website.
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