The Consumer Financial Protection Bureau’s (CFPB) Office of Financial Protection for Older Americans has released 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-benefit fiduciaries (Social Security representative payees and Veterans Affairs fiduciaries). The guides help those serving as fiduciaries in three ways: They walk them through their duties. They tell them how to watch out for scams and financial exploitation and what to do if their loved one is a victim. They tell them where to go for help.
The guides may be downloaded here:
| Topic | File |
|---|---|
| Agents Under Powers of Attorney | View PDF File |
| Court-Appointed Guardians | View PDF File |
| Trustees | View PDF File |
| Government Benefit Fiduciaries (Social Security Representative Payees and VA Fiduciaries) |
View PDF File |