Handling Someone Else’s Money

 

 

Any person or company that handles someone else’s money takes on several important responsibilities. Using a senior’s money for the benefit of someone other than the senior is the most common form of elder abuse.

 

The Consumer Finance Protection Bureau has released four easy-to-understand booklets to help financial caregivers.

The Managing Someone Else’s Money guides are for agents under

 

The guides help financial caregivers in three ways:

  • They walk you through your duties.
  • They tell you how to watch out for scams and financial exploitation, and what to do if your loved one is a victim.
  • They tell you where you can go for help.

 

Click here to see the top Ten Things Caregivers Need to Know

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