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The VA Fiduciary Program helps veterans with mesothelioma by appointing a trusted person to take over the management of their financial affairs and VA benefits. It allows the veteran to focus on their health and recovery from mesothelioma treatment. Those eligible to become a fiduciary include spouses, family members, friends, and a professional or court-appointed fiduciary.
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Asbestos.com. (2023, October 5). VA Fiduciary Program and Mesothelioma. Retrieved December 5, 2023, from https://www.asbestos.com/veterans/va-claims/fiduciary/
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A United States Department of Veterans Affairs (VA) fiduciary helps veterans manage their finances and VA benefits. This is helpful for veterans with mesothelioma who are coping with severe disabilities caused by the cancer and its treatment. It is also available to veterans with other diseases caused by asbestos, including asbestos-related lung cancer and asbestosis.
It is common for mesothelioma to cause acute pain and limit the veteran’s ability to perform daily activities, such as taking care of their financial affairs. A fiduciary can take over the burden of managing finances and also help the veteran maximize the VA benefits available to them.
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Veterans with mesothelioma coping with severe disabilities can benefit from electing a fiduciary who can manage their finances and ensure they get the most out of their VA benefits.
These veterans have access to many different programs within the VA, such as a VA disability claim for their cancer, VA Aid and Attendance benefits, heath care, Geriatrics and Extended Care benefits, Dependency and Indemnity Compensation claims, a VA pension and other benefit programs.
Applying for these programs and making sure they get the most out of them can feel overwhelming to a veteran coping with pain and side effects caused by mesothelioma and its treatment. In 2022, the VA updated its guidelines on the fiduciary appointment process.
Compensation provided by the VA may help veterans afford living expenses, health care expenses, rehabilitation therapies, burial expenses, caregiver support and financial support for their dependents.
Family members of the veteran are the most commonly appointed VA fiduciaries. Friends and professional fiduciaries may also be appointed.
The VA will schedule a field examination meeting with the veteran and the fiduciary of their choice. The field examiner will help determine if the chosen fiduciary is the best option for the veteran.
During the meeting the examiner will review the veteran’s financial information and their VA benefits information. It is important for the veteran and their chosen fiduciary to arrive at the meeting with all relevant financial details at hand, such as their income, personal assets, bank statements and recurring expenses.
If the VA determines the veteran needs a fiduciary, but the veteran disagrees and wishes to handle their finances and benefits on their own, they can appeal the VA’s decision.
The application process begins with the fiduciary completing VA Form 21P-4706b, which is also known as the VA Fiduciary’s Account (Fillable) form. The fiduciary will provide a variety of financial information about the veteran in this form. The form must be signed by the fiduciary before submission.
There is a separate form for when a court determines the veteran needs a fiduciary. This form is known as VA Form 21P-4706c. It is common for a court-appointed fiduciary to complete this form.
Because the VA wants to ensure the fiduciary is performing the job well and looking after the best interests of the veteran, it performs ongoing reviews. This ensures accountability and prevents the misuse of benefits, which protects the veteran and their financial assets.
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