he Veteran’s Administration has announced a policy change that will soon affect all older Veterans and their spouses. This policy change goes into effect on October 18, 2018, and it will make it more difficult to qualify for benefits. Many people aren’t aware that an annual tax-free benefit of up to $26,036 exists for senior Veterans and their spouses. This benefit helps pay for long-term care. The Veteran or spouse must meet certain criteria: Aged 65 or older Served during a period of war Have difficulty performing daily living tasks (such as bathing, dressing, toileting) Meet certain financial requirements Starting on October 18th, the VA will be imposing a three year look-back period on asset transfers and gifts, making it more difficult for many seniors to qualify for these benefits. Any transfers after October 18th will be subject to a penalty period lasting up to five years, during which you