Thursday, November 21, 2013

Managing the Finances of Others

 While managing one's personal finances is a significant responsibility, many Americans find themselves responsible for the financial decisions of others. Whether it's an aging parent who needs financial guidance or a friend who is sick or injured, it's no easy task. Thankfully, the Consumer Finance Protection Bureau has recently published a set of documents to help those who are helping others with their finances.

Covering four main topics: Powers of Attorney, Court Appointed Guardianship, Trustees, and Government Fiduciaries, I highly recommend reading or saving electronic copies of these guides for future reference.
CFPB's "Managing Someone Else's Money" Series

The library also has many legal guides for almost every situation, so please stop by if you're looking for information on other situations.

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