May 14, 2014

Are You Managing Someone Else’s Money?

Millions of Americans are managing money or property for a family member or friend 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 they care about, and protect them from scams and exploitation.
The Consumer Financial Protection Bureau produced four booklets to help financial caregivers. The Managing Someone Else’s Money guides help people acting as fiduciaries in three ways:
• explains their duties.
• tell them how to watch out for scams & financial exploitation & what to do if their loved one is a victim.
• tell them where to go for help.
The guides are available to download on the CFPB website at

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