Fidura

21P-4706b, the VA Fiduciary’s Account

The accounting a VA fiduciary sends the VA for the period named in its letter.

By Fidura staff. Last reviewed .

Who files
The VA fiduciary, when the VA asks
A court-appointed fiduciary may be sent 21P-4706c instead.
When it’s due
30 days after the period in the VA’s letter 38 CFR 13.280(c) (opens in a new tab)
The period is usually the anniversary of your appointment. VA guide (opens in a new tab)
Where
The VA fiduciary hub named on the letter
The form
VA Form 21P-4706b
The VA’s page for the form (opens in a new tab)

The VA asks every year when the VA funds you manage exceed $10,000, you take a fee, or the beneficiary is paid VA compensation at the total (100 percent) rating, including individual unemployability. It can also ask at any time. A spouse serving as fiduciary is exempt.

What you need

Have the VA’s letter, a bank statement for every month of the period, and your receipts. Send the statements. Keep the receipts unless the hub asks for them. 38 CFR 13.280(b) (opens in a new tab)

The accounting covers all activity in the beneficiary’s accounts, whatever the source of the money.

Item 1A is $0 on a first accounting. After that, it is the ending balance on your last one.

The items, in order

The items of VA Form 21P-4706b
ItemWhat goes there
1A–1H Money receivedThe estate at the start, then VA money, Social Security, interest and other sources
1ITotal received: 1A through 1H
2A–2L Money spentRoom and board, clothing, entertainment, personal use, dependents, the fiduciary fee, and other spending
2MTotal spent: 2A through 2L
3Funds at the end: 1I minus 2M
4A–4E Assets at the endChecking, savings, CDs, savings bonds, and other items such as outstanding checks
5Total assets: 4A through 4E

For VA money, 1B asks for the number of months and the monthly amount you managed, as well as the total. Enter any retroactive VA payment separately. If the monthly amount changed more than twice, the extra amounts can go on lines 1E to 1H, in Remarks (item 6) or on a signed attached sheet.

Item 5 must equal item 3

Item 3 is what the arithmetic says you should hold. Item 5 is what the accounts hold: the bank statements at the end of the period, less outstanding transactions.

List a check written but not yet cleared under 4E. If the two items still differ, find the error before you sign. Don’t adjust one line to match the other.

Common mistakes

A fee the VA didn’t approve

Item 2F is for a fiduciary fee only if the VA authorized it.

A discrepancy notice left waiting

If the VA writes about a discrepancy, send a corrected or supplemental accounting within 14 days. 38 CFR 13.280(c)(2) (opens in a new tab)

Filing late, or not at all

The VA treats a willful failure to file as evidence of misusing the beneficiary’s benefits. 38 CFR 13.280(e) (opens in a new tab)

Court and SSA reports

This accounting won’t match your court account or your SSA-623. Each covers a different period, and SSA-623 counts only Social Security and SSI. How the three reports relate

If the VA recognizes you through your court appointment, its guide points to VA Form 21P-4706c, the Court Appointed Fiduciary’s Account. The VA’s letter names the form to use. VA guide (opens in a new tab)

Sources

Also for SSA and VA: SSA-623, Representative Payee Report

We make Fidura, which builds this accounting from a ward’s register. How it produces 21P-4706b

Found an error? developer@fidura.app