Managing someone else’s money

Source: Consumer Financial Protection Bureau

Published: 2015

Summary:

The Consumer Financial Protection Bureau created guides tailored to the needs of people in four different fiduciary capacities:

  • Agents under a power of attorney
  • Court-appointed guardians
  • Trustees
  • Government fiduciaries (Social Security representative payees and VA fiduciaries)

Each guide contains information on the fiduciary’s responsibilities and tips on how to spot financial exploitation and avoid scams. Also, each guide includes a “Where to go for help” section with a listing of relevant agencies and service providers.

The guides are not intended to provide legal advice or serve as a substitute for your own legal counsel.

Link: Managing someone else’s money

Topics: Caregiving, Financial Abuse, Legal, Prevention, Reporting

Access: Download, Web-based

Intended Use: Self-directed Learning, Teaching Others

Audience: Caregivers, Community, Finance, Legal/Law Enforcement

Level: Basic

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