Any individual appointed as a VA fiduciary is responsible for managing the beneficiary’s VA income and ensuring the beneficiary’s just debts are paid. This guidance explains how a VA Fiduciary Account should be titled. It also states certain limitations credit unions must keep in mind. For example, these accounts should be kept separate from other funds, and fiduciaries may not withdraw cash from the beneficiary’s account either by counter check or ATM withdrawal. Additional information can be found here.
VA: A Guide for VA Fiduciaries
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