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Managing Someone Else's Money: Help for Agents Under a Power of Attorney

CFPB POA guide

 

This guide is only available in English and can be viewed here

This guide from the Consumer Financial Protection Bureau gives you important information if someone wants you to manage their finances with a power of attorney. Among other things, it gives information on: 

  • Your responsibilities under the power of attorney.

  • What to do if there is more than one person named in the power attorney. 

  • How to avoid problems with family and friends. 

  • How to watch out for financial exploitation. 

This guide was last updated in January 2022. You can find other guides to help manage a loved one's finances on the Consumer Financial Protection Bureau website