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Free guides for helping to manage other people's money

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I ran across this while doing some research and thought it might be useful to some folks:

 

The Consumer Financial Protection Bureau (CFPB), a U.S. government agency, has created guides tailored to the needs of people in four different fiduciary capacities:

 

Agents under a power of attorney

Court-appointed guardians

Trustees

Government fiduciaries (Social Security representative payees and VA fiduciaries)

 

Each guide contains information on the fiduciary’s responsibilities and tips on how to spot financial exploitation and avoid scams. Also, each guide includes a “Where to go for help” section with a listing of relevant agencies and service providers.

 

The guides are not intended to provide legal advice or serve as a substitute for your own legal counsel.

 

Please be aware that powers and duties as a fiduciary vary from state to state. The CFPB website did create guides for six states (Arizona, Florida, Georgia, Illinois, Oregon, and Virginia) with high populations of older adults.

 

Residents residing in ALL other states should check with a local attorney for specifics on the fiduciary laws which apply in the specific state of domicile.

 

The links above lead to the pages where you can download the guide, or order a printed copy mailed to you from the GSA.

 

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