Proposed New Rule on Asset Transfers For VA Pension
The VA on 01/23/2015, proposed a 36 month Look Back on asset transfers (with a corresponding penalty of up to 10 years) for those applying for VA pension or related benefits. Proposed regs are now out for comment until 03/24/2015. If adopted, we will need to be mindful of the impact of asset transfers (for purposes of qualifying for Medi-Cal) upon clients who may need VA Pension. Here are the proposed new regs, just published in the Federal Register on 01/23/2015:
