The Department of Veterans Affairs
(VA), through its Veterans Benefits Administration (VBA),
administers an integrated program of benefits and services
established by law for veterans, service personnel, and their
dependents and/or beneficiaries. 38 U.S.C. § 1522 Net Worth
Limitation provides that VBA will deny or discontinue payment of
pension benefits if it is reasonable that some part of the corpus
of the claimant’s or beneficiary’s estate be consumed for his or
her maintenance. VA codified this requirement at 38 CFR §3.274. VBA
uses the information collected on this form as evidence of
additional circumstances which may affect entitlement
determinations pursuant to 38 U.S.C. § 1522. The information is
used as a counterbalance to a claimant’s substantial estate and/or
annual income.
US Code:
38
USC 1522 Name of Law: Net Worth Limitation
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.