Guides for Fiduciaries

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:

• Agents Under Powers of Attorney
• Court-Appointed Guardians
• Trustees
• Government Benefit Fiduciaries (Social Security Representative Payees and VA Fiduciaries)