Home/Updates/VetsFirst Q&A/I have been appointed as my spouse’s Power of Attorney. Can I gain access to his VA Compensation/Pension payments?

I have been appointed as my spouse’s Power of Attorney. Can I gain access to his VA Compensation/Pension payments?

Yes, under what is called the VA’s Fiduciary Program

The VA’s Fiduciary Program was established to protect Veterans and other beneficiaries who, due to injury, disease, or due to age, are unable to manage their financial affairs. VA will only determine an individual to be unable to manage his or her financial affairs after receipt of medical documentation or if a court of competent jurisdiction has already made the determination.

Upon determining that a beneficiary is unable to manage his or her financial affairs, VA will appoint a fiduciary. The fiduciary, normally chosen by the beneficiary, must undergo an investigation of their suitability to serve. This investigation includes a criminal background check, review of credit report, personal interview, and recommendations of character references. Only after a complete investigation is a fiduciary appointed to manage a beneficiaries VA benefits. The fiduciary is responsible to the beneficiary and oversees financial management of VA benefit payments. Generally, family members or friends serve as fiduciaries for beneficiaries; however, when friends and family are not able to serve, VA looks for qualified individuals or organizations to serve as a fiduciary.

To become a fiduciary for a family member or friend, submit a request with the beneficiary’s name and VA file number, and your name and contact information to the VA regional office nearest you.  To become a professional fiduciary, submit your resume with cover letter to the following e-mail address: VA_Fiduciary@va.gov.  Include your name, the name of your organization (if applicable), mailing address, and e-mail address with your request.

 

2017-01-30T17:54:44+00:00 August 2nd, 2016|VetsFirst Q&A|