In my last article I began explaining the changes I expect will be coming for veterans who wish to qualify for the improved pension benefit. I expect these changes will occur in 2016, possibly as early as February.
I also mentioned that I expect at least three major changes, the first of which is the manner in which the VA determines if a veteran establishes financial need. Currently, the VA evaluates the net worth of veterans (and spouses) separately from the veteran’s (and spouse’s) income. Essentially there is a test for net worth and a separate test for income, both of which must be met.