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What types of trusts and annuities are considered assets by the VA?

What types of trusts and annuities are allowed in the overall evaluation of assets for nonservice related pension? Are certain types of trusts not considered part of the veteran's assets? In the case of someone who is legally married, but has been separated for 20 years, and finances are separated, are the wife's assets included in the overall evaluation of the veteran's assets?
Status: Open    Mar 10, 2015 - 08:18 AM

VA Benefits

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Jul 14, 2015 - 11:16 AM

Any type of trust or annuity which the veteran has access to will be considered part of the veteran’s assets. For example a revocable living trust or an annuity that may be cashed in would be considered part of the veteran’s assets. An irrevocable trust where the veteran is not the trustee or beneficiary and has no access to the assets in the trust is not considered part of the veteran’s assets. If the veteran is still legally married, even though they are separated, the wife’s assets will be included in the overall evaluation of the veteran’s assets.

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