If a claimant has access only to income generated by the annuity, not the principle AND is irrevocable i.e. the claimant cannot change the terms of the annuity, during their lifetime, so no access to the principle, then the VA should count only the income stream, generated by the annuity, provided performed before application. Additionally, if the annuity income is paid to the veteran’s spouse, then annuity income of spouse, vet's and spouse's other incomes all count, regardless of whose name is on the income asset or who is the receiver of the income. The income can be spent on…
Therefore, if you have the receipt, you can prove the VA lost the paperwork on their end. Accordingly, re-send the VA another copy of everything with a statement in support of claim form requesting that the VA continue processing the claim affective from the date on your receipt confirmation.
Absolutely, NO. The law requires the Vet’s signature to be his/hers and does not allow someone else to sign, even a power of attorney, and even if the Vet is incompetent. A Vets daughter cannot sign for the Veteran, the completed forms required to apply for compensation. Her father/Vet must sign his name on all of the forms (526, 21-22, 4142, 2680, etc.) 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…
Some of these organizations arrange for very inexpensive Veterans Trusts and perhaps even pay third parties to complete the VA application, which is prohibited by law, just to be able to sell an annuity (which may or may not be the right product for the client).
Most people, including veterans and seniors, do not have a sufficient understanding of annuities, to make a decision about the appropriateness of an annuity product.
Frederick, MD 
301-663-9230
