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Life Stages: Caring for an Aging Relative on 5/29/2014

Being a caregiver for an aging or incapacitated relative or friend can be stressful and challenging. Fortunately, there are resources available to help you make appropriate financial decisions.

The Consumer Financial Protection Bureau (CFPB) has published four booklets to guide individuals through the requirements of managing someone else’s finances; they can be downloaded in PDF format, or ordered at no charge via mail, at promotions.usa.gov/cfpbpubs.html.

Titles in the Managing Someone Else’s Money series include:

  • Help for Guardians of Property and Conservators
  • Help for Agents Under a Power of Attorney
  • Help for Representative Payees and VA Fiduciaries
  • Help for Trustees Under a Revocable Living Trust

Learn more, including how SLFCU can help structure credit union accounts, with this PDF.

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