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VA Must Repay Estates for Veterans' Benefits Misused by Fiduciaries

This law protects the families of deceased veterans whose financial benefits were misused or stolen by their appointed fiduciaries (money managers). It requires the Department of Veterans Affairs (VA) to repay these lost funds directly to the veteran's estate or legal heirs. This ensures that families recover money unlawfully taken by dishonest fiduciaries, providing financial security.
Key points
The VA must repay benefits to the estate of a deceased veteran if those funds were previously misused by the veteran's fiduciary.
Payments are prioritized to the estate, followed by successor fiduciaries or legal inheritors, explicitly excluding the misusing fiduciary.
This change provides financial security and recourse for veterans' families who were victims of fraud.
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Additional Information
Print number: 118_S_263
Sponsor: Sen. Manchin, Joe, III [D-WV]
Process start date: 2023-02-02