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FIDUCIARY The Fiduciary Division oversees and manages the financial assets of up to 300 veterans and is responsible for ensuring the proper and appropriate application of those assets. In every case the division attempts to ensure the highest possible quality of life for each veteran while ensuring their financial obligations are met and residual funds are saved and properly invested. The Fiduciary Division consists of a manager, a financial specialist, a records keeper and two social workers. The role of the manager is to oversee the entire operation and to be the decision maker on all aspects of the division. The financial specialist processes all financial transactions, performs records reviews, and conducts regular, periodic reconciliation with the Trust Bank. The records keeper is responsible for the proper filing of all financial transactions and legal documents. The social workers provide guidance, support, and counseling to the approximately 300 veterans that receive the department's services. In almost every case managed by the New Mexico Department of Veterans' Services, the United States Department of Veterans' Affairs (VA) has determined that a military veteran receiving financial benefits from the federal government for military service is unable to properly manage his or her finances. The VA determines that a fiduciary is necessary to manage the veteran's financial affairs. The fiduciary may be any person or institution designated by the VA. Usually the fiduciary is a family member, relative or close friend of the veteran and is very capable and willing to manage the veteran's finances. In those cases where the veteran does not have a close relative or friend capable and willing to properly administer the veteran's financial affairs the federal Department of Veterans Affairs solicits the services of the State of New Mexico Department of Veterans' Services (NMDVS) to provide fiduciary services. |
Grace Escamilla Connie Vargas Patrick M. Martinez
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