The VA (Veterans Administration) and Medicaid landscape is ever changing, and always in favor of government. We wrote you last year to advise you of the pending 36-month look-back for VA Aid and Attendance.
The new rules would impose a 36-month look back and penalty period for transfers made by individuals applying for Aid and Attendance benefits. The simple solution is to divest excess assets prior to the effective date of the proposed bill.
The preferred method is to transfer assets to a divestment trust outside the name of the veteran and the veteran’s spouse (if any). Funding an asset protection trust would also start the clock running on the current five-year Medicaid look-back.
We are proud to announce that Mark has received the designation of “AV Preeminent” status by a vote of the members of the Michigan Bar and Judiciary. AV Preeminent status is the highest possible rating of both legal ability and ethical standards. impact of divorce on estate planning, and protecting your assets from the failed marriages of your children. Please contact us you have concerns about the implications of divorce on your estate plan.