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It's a VA audit for compensation to my mother for spousal compensations for my father's service in WWII.
she receives $1100/month and her room costs $3000/month. The letter from VA states they way 12 months bank accts, all medications listed, all income, all ins policies, stocks/bonds etc.
since all her outstanding expenses are paid thru a family trust account, do I have to provide VA with 12 months of that acct. I'm told that is NOT her acct, so I don't have to show it.
I have been assigned as fiduciary for my mother's finances; does that give them any more right to see the family Trust Account?
Marsha, one more question. I didn't not set up a separate account for the VA money and comingled the funds into the trust acct. Do I have to show the VA examiner that. I have now set up a separate account for the future.
thank you so much.