What is the BIA's annual review process for a minor's supervised account?
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
A BIA social worker with an MSW will conduct an annual review of minors' supervised accounts by:
(a) Verifying that all receipts for disbursements made under a distribution plan were collected in accordance with the terms specified in the evaluation;
(b) Reviewing the receipts for disbursements made from a minor's supervised account to ensure that all expenditures were made in accordance with the distribution plan;
(c) Reviewing all case worker reports and notes;
(d) Reviewing account records to insure that withdrawals and payments were made in accordance with the distribution plan;
(e) Verifying current addresses, including the address of record, the address of the minor's residence, and the disbursement address; and
(f) Deciding whether the distribution plan needs to be modified.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.