Overview
There may be a situation when you’d like a family member or trusted friend to help manage your money or even make financial decisions for you. This helper is sometimes referred to as a “financial caregiver.” Understanding what’s involved in this arrangement is very important.
This guide, from the Consumer Financial Protection Bureau, is an overview of the different types of financial caregivers. It also provides a checklist to use when selecting someone to help in this way and links to additional information.
