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Posts Tagged ‘household assets’

Can your net worth disqualify you from VA Benefits?

YES. Net worth means your and your dependents net household asset value . It includes such assets as bank accounts, stocks, bonds, mutual funds and any property other than the veteran’s residence. There is no official set cap, unlike Medicaid, on how much net worth a veteran and his dependents can have, but net worth cannot be excessive. The decision as to whether a claimant’s net worth is excessive depends on the facts of each case i.e life expectancy – 96 year old has $50k, rather than 70 year old with $50k. There are some  exclusions to income that allow…

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