A Veteran filed an initial lock in date, for Veteran’s Benefits,but has yet to file an application because Asset Planning is required, can the planning cause the claim to be rejected?

This question is not an issue of the claim being rejected; but the major issue is FRAUD. A claim for Veteran's benefits is a federal claim and if non-exempt assets are, intentionally, not declared, this may be construed as fraud, on the part of the claimant. Consequently, this may result in a severe “trouble” for the claimant, rather than just rejection of the claim.

You may either withdraw the informal request and apply when the claimant is eligible or include a statement, within the application, that the claimant requests an award date when the 21-526 is received, in lieu of the earlier date. 

To increase your monthly income, please contact us about a FREE HANDBOOK about VA Benefits, written by David Wingate, an accredited VA Attorney, of Senior Life Care Planning, LLC, go to info@seniorlcp.com or if you require additional information about VA Benefits, visit our Senior LCP's Website.

We also have a Blog on Elder Issues and Veteran's Benefits.

If you are not receiving our Newsletter, go ahead and subscribe to our free NEWSLETTER to stay on top of senior issues.