Answer: As far as the Veterans Administration is concerned, the home your father owns is considered his home whether or not he is currently living there and will not impact his eligibility for benefits. One thing you and your family should be careful of, however, is renting the home. If you rent the home and its classification switches from residential property to rental property, it may be considered an asset and cost your father his veteran’s benefits.
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Dennis B. Sullivan, Esq., LLM, CPA
Estate Planning & Asset Protection Law Center of Dennis Sullivan & Assoc.
Wellesley, Massachusetts 02482
Member of the national ElderCare Matters Alliance, Massachusetts chapter
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