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 email@example.com or if you require additional information about VA Benefits, visit our Senior LCP's Website.
We also have a Blog on Elder Issues and Veteran's Benefits.
If you are not receiving our Newsletter, go ahead and subscribe to our free NEWSLETTER to stay on top of senior issues.Tags: Aid and Attendance, asset protection, elders, life care planning, long term care, ltc, medicaid, Medical Assistance, non service connected pension, nursing homes, pensions military, senior life care planning, seniors health, service connected pension, VA, VA benefits, va pensions