Resources for Adult Siblings: Finances

Managing Someone Else’s Money

The Consumer Finance Protection Bureau offers the Managing Someone Else’s Money series. Four easy-to-understand guides help financial caregivers understand their duties, watch for scams and exploitation, and learn where to turn for help. Separate guides are available (in PDF) for powers of attorney, court-appointed guardians, trustees, and government fiduciaries such as Social Security representative payees and Veterans Affairs fiduciaries.

Financial Steps for Caregivers

The Women’s Institute for a Secure Retirement (WISER) and the National Resource Center on Women and Retirement Planning have released a new publication, Financial Steps for Caregivers: What You Need to Know About Protecting Your Money and Retirement (PDF). The 26-page guide is designed to help identify financial decisions caregivers may face as they care for family members. Sections cover budgeting, saving for retirement, personal care agreements, identifying financial fraud and abuse, sources of financial help for caregivers and care recipients, end-of-life planning, and more. The publication was developed with funding from the Administration on Aging, now part of the Administration for Community Living at the US Department of Health and Human Services.

From the Consumer Financial Protection Bureau