VA Fiduciary and the veteran's bank account

Question:

Are the VA fiduciary accounts in the bank joint accounts with the veteran? Or are they personal to the veteran only with the VA fiduciary authority to utilize the funds?

Jim's Reply:

Once a fiduciary has been appointed, the disability payment as well as any retroactive money is placed into an account that only the fiduciary has access to. The veteran does not have access to the account. Distribution of funds from the account will happen based on decisions made by both VA and the appointed fiduciary. The veteran may request funds from the fidu at any time, understanding that for any extraordinary expense the fidu will have to get approval from a VA authority.


Source URL: https://www.statesidelegal.org/va-fiduciary-and-veterans-bank-account