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  • 14 Questions about VA Disability Compensation Benefits Claims

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    When a Veteran starts considering whether or not to file a VA Disability Claim, there are a lot of questions that he or she tends to ask. Over the last 10 years, the following are the 14 most common basic questions I am asked about ...
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  • Can a 100 percent Disabled Veteran Work and Earn an Income?

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    You’ve just been rated 100% disabled by the Veterans Affairs. After the excitement of finally having the rating you deserve wears off, you start asking questions. One of the first questions that you might ask is this: It’s a legitimate question – rare is the Veteran that finds themselves sitting on the couch eating bon-bons … Continue reading

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How To Spend My Money

Question

I was awarded 100% SC PTSD. VA found me incompetent. My husband is going to handle my financial affairs. Does this mean when the retro money hits the bank, I have to ask the VA how to spend my money? We want to use all the retro pay to pay off our mortgage. Is this going to be a problem taking out all of the money for this purpose. Is there a limit on how much money you can draw out? How can they control what comes out of your bank account? I mean, if the money is in your account, how does the VA control your spending limit. ( if there is any) :lol:

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as far as i know you don't have to report to the VA how you spend your money....it just means that your hubby controls how it's spent.

but i do believe you (your hubby) have to keep receipts on how the money is spent. i'm no expert on this subject though...i'm sure others will answer as well.

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Paying off your mortgage would be a smart thing to do. Your husband will have to fill out forms to show how money is spent. Be sure and carefully read any instructions that you are given.

Good Luck

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my ex wife and her husband have to show SS how they spent my son's SSD check annually as long as there are legitimate expenses they have no problems 30% for housing, 20% for food, 10% for clothes, 10% for entertainment etc, I imagine it would be the same to account for your funds just comply with their documentation requests and do not let them appoint an "fiduciary for you" like CPA or a lawyer etc they take it out of your funds so make sure whatever forms they send get filled out and returned on time

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I wish I could help you but instead am asking you to help me. I am about to be rated incompetent. How did you get your husband as fidiciary? They told me they would get me one of their chosing. Did they pay you while you were waiting for your appointed fidiciary? How long did it take? Are you appealing? Anything you could tell me on this subject would help. Thank You Bonnie

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Bonnie:

If you have a relative willing to do it the VA has to go with your choice. If they do not contact the Inspector General.

A couple of years ago a Dallas TV Station did a show on Waco TX RO giving the fiduciary to old cronies and the cronies more or less stealing the Vets money. It did not sit well with the general public and I think it changed soon after that.

If you can show that you can pay your bills they more or less have to let you do it.

Good Lcuk

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