In most cases, Veterans Affairs beneficiaries are able to manage their own VA benefits. However, if a beneficiary is incapacitated by minority, injury, disease, or advanced age related reasons, the VA may conclude that that beneficiary is not able to adequately manage his or her own benefits on their own.
A court may also determine that the beneficiary is unable to manage their benefits and the court may determine that a fiduciary is needed. In that case, the VA can appoint a fiduciary to manage the beneficiary’s benefits.
Unless the circumstances fall under an exception, the fiduciary will be required to purchase a VA fiduciary surety bond to protect the interests and affairs of the appointed fiduciary. Click here to learn more.
Where can you purchase instant VA fiduciary bonds?
Colonial Surety offers the direct and digital way to obtain VA fiduciary bonds. We are the insurance company — which means no agent, no broker, and no middleman. We make it easy to obtain your bond instantly. The steps are easy — get a quote online, fill out your information, satisfy underwriting requirements, and enter your payment method. Print or e-file your bond from your office. It’s that simple!