The Veteran’s Administration is now enforcing a 3 year look-back for gifts made by veterans as part of eligibility for VA Aid & Attendance Pension benefits. Essentially, any transfers by a veteran without fair market compensation will result in a penalty that differs eligibility for the VA pension available to pay for a veteran’s (or spouse of veteran) unreimbursed medical expenses. This recent rule is similar to the Nursing Home Medicaid look-back of 5 years.
Bryson Law Firm, P.C., Suwanee, Georgia. Attorney Richard Bryson has over 20 years experience with investment entities, elder law, estate planning, probate, wills and trusts, tax planning, tax dispute resolution, asset protection, personal injury, business formation and governance, real estate transactions, and Medicaid and VA planning. Contact our Gwinnett County law firm at 404-909-8842 or firstname.lastname@example.org.