Check out these great new future planning and caregiving resources from the Consumer Financial Protection Bureau!
- Considering a financial caregiver? Know your options is a new tool to help you decide whether you or your loved one need an informal caregiver, who helps manage money on an as-needed basis, or a formal caregiver, established by a legal arrangement. The brief guide also walks you through what to consider when choosing a financial caregiver.
- Planning for peace of mind: Social Security Advance Designation is a new resource explaining Social Security Advance Designation, a new tool from the Social Security Administration. Advance Designation allows you to recommend someone you trust to manage your Social Security benefits if you become unable to do so yourself.
- Planning for diminished capacity and illness helps you understand the potential impact of diminished capacity on your ability to make financial decisions. The joint advisory from the Securities and Exchange Commission and CFPB encourages you to plan for possible diminished financial capacity well before it happens.
- Managing Someone Else’s Money guides explain your responsibilities as a financial caregiver, as well as how to spot financial exploitation and avoid scams. The guides are tailored to the needs of people in four different fiduciary roles: power of attorney, guardians, trustees, and government fiduciaries.
Find these and more on our Adult Resources page.