House sale and form 21-0845

Discussion in 'Selling of Home' started by Helen J, Oct 8, 2015.

  1. Helen J

    Helen J Newbie

    2 questions:

    1-My sister sold her house this year so there is a one-time large deposit into her account. Does this need to be explained anywhere?
    2-Form 21-0845 says "This form may not be executed by any beneficiary recognized as incompetent for VA purposes, nor can VA accept this form from any beneficiary recognized as incompetent for VA purposes." If a person has severe dementia, how is this supposed to be handled?
     
  2. vetadmin

    vetadmin Administrator Staff Member

    For clarifications, are you just now making an application, or is she already receiving the A&A benefit?
     
  3. Helen J

    Helen J Newbie

    I'm just starting the application process.
     
  4. vetadmin

    vetadmin Administrator Staff Member

    She will have to show the funds as an asset in her total amount of money in the bank. You don't explain it, but lump it into whatever her account balance it. This will be different from what her combined monthly incomes are.

    Until the VA declares her mentally incompetent, you do not address this issue. On the 21-0845 she signs it just like she signs everything else to include the application. If she is unable to sign her name, have her make an "X" and have it witnessed by two other individuals. If she can't make the x, do a thumb print, and also have it witnessed by two others.
     

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