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How is a beneficiary rated as “incompetent” or unable to manage his or her financial affairs?

The financial “competency” of a beneficiary is analyzed by the Department of Veterans Affairs after a medical examination indicates the beneficiary may not be able to handle his or her own financial affairs. This medical evidence includes both the physical and mental examination for VA benefits. If VA determines that the beneficiary is not able to manage his or her financial affairs he or she will receive a notice that new medical evidence can be submitted, a request for a hearing can be made, a waiver for the 60 day due process can be submitted, or the veteran may choose not to respond. If the veteran does not respond or the submitted medical evidence is not sufficient then the beneficiary will enter the Fiduciary Program where a field examination will be scheduled and a fiduciary will be appointed.

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