Guides to Managing Someone Else’s Money

Millions of Americans manage money or property for a lovedone who is unable to make financial decisions. 

The Consumer Financial Protection Bureau has released fourbooklets to help financial caregivers with these often overwhelmingduties.  These guides walk financialcaregivers through their duties, alert them of scams, and provide sources theycan go to for help.  These Managing Someone Else’s Money guides arefor agents under:

• Power of attorney
• Court-appointed guardians
• Trustees
• Government fiduciaries 

See Naomi Karp, Managing Someone Else’s Money, ConsumerFinancial Protection Bureau, Oct. 29, 2013.