Detailed records of all payments must be maintained. Fiduciaries cannot borrow or make loans from the beneficiary’s VA funds.Ī VA fiduciary is responsible for keeping accurate records of the beneficiary’s VA funds. The fiduciary may use any remaining VA funds to provide the beneficiary and his/her dependents the best possible standard of living that VA funds will reasonably allow, such as new furniture, a new car, or a vacation. The primary use for VA funds is to pay expenses that meet the basic needs of the beneficiary and his/her dependents, such as rent or mortgage payments, utilities, or groceries. A fiduciary is an individual or entity appointed by VA to receive VA funds on behalf of a beneficiary for the use and benefit of the beneficiary and his/her dependents.Ī VA fiduciary’s main responsibility is to manage the beneficiary’s VA funds. The purpose of the VA’s fiduciary program is to ensure VA benefit payments made to a fiduciary on behalf of a beneficiary are used for the well-being of the beneficiary and the beneficiary’s dependents. When a veteran, or his/her survivor, has been awarded benefits from the Department of Veterans Affairs (VA) but is unable to manage his/her VA funds as a result of injury, disease, advanced age, or being under age 18, the VA appoints a fiduciary. VA Fiduciaries, Veterans Benefits 0 Comment Dispute Resolution Services: Elder Mediation, Collaborative Law, Divorce Mediation Attorney ▼.Guardianships and Medicaid Planning Video Series Estate and Disability Planning Video Series The Medical Side of Elder Law: Nursing Home Resident Rights Video Series Selected Websites, News Sources, Blogs, and Pathfinders Public Benefits / Medicaid Planning for Asset Protection.Social Security and SSI Disability Claims.Client Reviews, Testimonials and Professional Recommendations.Member, National Academy of Elder Law Attorneys.Union County Probate Early Settlement Panelist.Founding Member, Council of Advanced Practitioners.Chair, Elder and Disability Law Section, NJ State Bar.NJ State Bar Lifetime Achievement Award Winner.Highest Rating Available for Legal Ability and Ethical Standards.Communicating with Clients and Other Professionals.Resolving Conflicts Through Collaborative Law.Divorce Mediation: The Sensible, Affordable Alternative.Resolving Conflicts Through Elder Mediation.Dispute Resolution Services: Elder Mediation, Collaborative Law, Divorce Mediation Attorney ►.A Summary of the Divorce Process in New Jersey.Special Needs Trusts and Disability Planning.
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