Posts Tagged ‘Improved Pen’

Article 42-Estate Planning Series: How the VA is Changing the Rules for Veterans to Receive the Improved Pension Benefit – Part 2

Written by Wright Law on . Posted in Estate Planning

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. 

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