"Managing Someone Else's Money" Guides

Millions of Americans are managing money or property for a loved one who is unable to pay bills or make financial decisions. This can be very overwhelming. But, it’s also a great opportunity to help someone you care about, and protect them from scams and fraud.

We are releasing four easy-to-understand booklets to help financial caregivers. The Managing Someone Else’s Money guides are for agents under powers of attorney, court-appointed guardians, trustees, and government fiduciaries (Social Security representative payees and VA fiduciaries.)

The guides help you to be a financial caregiver in three ways:

• They walk you through your duties.
• They tell you how to watch out for scams and financial exploitation, and what to do if your loved one is a victim.
• They tell you where you can go for help.

Source:
ConsumerFinance.gov Blog