Fiduciary Information

[kara]

Hi, Yesterday I was appointed as fiduciary for my grandfather who has slight dementia. Although things were working fine the way the have always been the va decided that this needs to be more legal than a poa. So, they appointed me fiduciary. My only issue with this is that they say I am not allowed to make cash withdrawls at all. How do I give him his spending money now? I normally make sure that he has about 40 dollars or so in his wallet at all times for spending money. All of the rest of the bills I always pay. I do his shopping, and ect..

Also, since I do accounting work, he asks me to be a fiduciary for other veterans who don't have family. While, I believe this was nice of him to offer, I feel nervous about this, for one, why can't I give out cash. If you have a fiduciary, or know of anyone with one, how do they recieve their spending money? I would hate to make someone suffer without funds. I mean, everyone needs cash sometimes, and I would hate for them to go without. I have read that their are unscrupulous people who steal from their vets, but, really, If I did this, it would be to help. I wouldn't every mess with someone else's money. How does it work? Any info would be appreciated. Thanks:blush:

[mortarman]

Hi, Yesterday I was appointed as fiduciary for my grandfather who has slight dementia. Although things were working fine the way the have always been the va decided that this needs to be more legal than a poa. So, they appointed me fiduciary. My only issue with this is that they say I am not allowed to make cash withdrawls at all. How do I give him his spending money now? I normally make sure that he has about 40 dollars or so in his wallet at all times for spending money. All of the rest of the bills I always pay. I do his shopping, and ect..

Also, since I do accounting work, he asks me to be a fiduciary for other veterans who don't have family. While, I believe this was nice of him to offer, I feel nervous about this, for one, why can't I give out cash. If you have a fiduciary, or know of anyone with one, how do they recieve their spending money? I would hate to make someone suffer without funds. I mean, everyone needs cash sometimes, and I would hate for them to go without. I have read that their are unscrupulous people who steal from their vets, but, really, If I did this, it would be to help. I wouldn't every mess with someone else's money. How does it work? Any info would be appreciated. Thanks:blush:

The v.a. should have people to due this you may want to check.Mortarman

[kara]

Also, if you have a fidicuary, how do you recieve your spending money?Do you simply recieve a check made out to your name?

[EdB]

Kara,

This link is to some useful info on Fudiciaries that you might want to check out.

EdB

Kara,

Sorry I forgot to give you the link: http://www.jimstrickland912.com/Fiduciary.html