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Is there a look back period for determining non-service related VA benefits?

Specifically nonservice related pension benefits
Status: Open    Mar 10, 2015 - 08:27 AM

VA Benefits

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Mar 29, 2015 - 08:51 AM

If you mean is there a look back period for Asset transfers, no, currently there is no look back period - however, the VA posted a regulation to implement a 3 year look back - the comment period ended on that proposal on March 24, 2015. There were a lot of descenting opinions, so whether it will be inacted or not remains to be seen. On of the items people were askign for is a grandfather clause.

If you mean look back for your medical condition then no, you can be fine one day, have a stroke and apply that day.

Best,
Patty

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Jul 23, 2015 - 12:57 PM

There is currently no look back period for the VA pension benefits you describe, and no penalty for the making of gifts prior to applying for benefits. The VA has proposed regulations to implement a three-year look back period, but the regulations have yet to be finalized or go into effect.
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By jerolyn on Nov 18, 2016 - 08:14 AM | Like (0)  |  Report

We want to cash out an IRA, then gift it, before we apply for VA benefits for my dad.

1 - I've been told by my VA adviser (works for the VA), that there is an "informal" look back, but he can't provide documentation of this. If the VA only requires 1 month bank statement, then want other means would they have to do a look back?

2 - If we take the full IRA tax hit in 2016 and apply for benefits in 2017, do we have to report the IRA income that my dad received in 2016?

Thanks!

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