What is a VA fiduciary?

Answer:

A fiduciary is someone who manages money or property for someone else. The Department of Veterans Affairs (VA) appoints VA fiduciaries to manage veterans’ benefits for people who can’t manage the funds themselves. 

A VA fiduciary can only manage the benefit checks from the VA. If the person receiving the benefits has other money or property that he or she cannot manage, a VA fiduciary must have legal authority from another source to manage them.

For more information on VA fiduciaries, read this guide on managing someone else’s money.

Topics:
Was this page helpful to you?

Note: Do not include sensitive information like your name, contact information, account number, or social security number in this field.

The content on this page provides general consumer information. It is not legal advice or regulatory guidance. The CFPB updates this information periodically. This information may include links or references to third-party resources or content. We do not endorse the third-party or guarantee the accuracy of this third-party information. There may be other resources that also serve your needs.

Read full answer Hide full answer