Tuesday, April 12, 2011

VA Fiduciary Challenges

by Jim Fausone
Veteran Disability Lawyer

After fighting for benefits for years, a veteran is awarded compensation but VA can still cause immense frustration by declaring a veteran incompetent and appointing a fiduciary. A fiduciary is not appointed by a court, just a VA employee. The fiduciary may be a family member or it may be someone you have never heard of and it is just his business.

The VA reports it has appointed people to manage 111,407 accounts with a cumulative value of more than $3.2 billion. A fiduciary earns 4 percent commission on the money under his care. So $120 million gets paid to fiduciaries rather than to veterans. The VA’s inspector general has warned, however, that the department does not do enough to protect its veterans from bad acts of fiduciaries. The problems with VA fiduciaries just received attention in the New York Times article attached.


To learn more or to contact a Veterans disability lawyer, Veterans disability attorney, Veterans lawyer, or Veterans attorney call 1.800.693.4800 or visit Legalhelpforveterans.com

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