Who may the VA appoint to manage funds for an incapacitated veteran?

The correct answer is that the VA may appoint a fiduciary or guardian to manage funds for an incapacitated veteran because the role of a fiduciary is specifically designed to act in the best interests of individuals who cannot manage their own financial affairs due to incapacity. This appointment involves a formal process where the VA assesses the individual’s capacity to manage their benefits and decides who is qualified to take on this responsibility.

A fiduciary must meet certain requirements and is often held to a high standard of care and accountability in managing the veteran's financial resources. This means they must act with loyalty and prudence, ensuring that the funds are used appropriately in the veteran's best interest.

While a financial advisor can provide guidance and advice on financial matters, they do not have the authority to manage someone else's funds legally. Family members may be caring and trustworthy but typically require a legal designation to act as a fiduciary. Similarly, while state-appointed officials may have various roles within guardianship, the VA specifically designates fiduciaries to ensure that the unique needs of incapacitated veterans are met comprehensively. Thus, the fiduciary or guardian is the appropriate entity for managing the funds in these situations.