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You may have already experienced the “income lookback,” which is when the VA questions income prior to the effective date of a claim. Today, we explain why this occurs, whether it matters, and finally, how you respond....
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Income vs Asset Transfer Lookback: When the VA Questions Income Prior to the Effective Date
You may be aware that the Department of Veterans Affairs (VA) will be implementing a proposed three-year lookback period for asset transfers sometime in 2016. Until this rule becomes final, veterans and their surviving spouses can continue to transfer assets out of their name and become almost immediately eligible for...
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