Guides for managing someone else’s money

Millions of Americans are managing money or property for a loved one who is unable to pay bills or make financial decisions. To help financial caregivers, we’ve released easy-to-understand Managing Someone Else’s Money guides.

About the guides

We created guides tailored to the needs of people in four different fiduciary capacities: agents under a power of attorney, court-appointed guardians, trustees, and government fiduciaries (Social Security representative payees and VA fiduciaries).

Each guide contains information on the fiduciary’s responsibilities and tips on how to spot financial exploitation and avoid scams. Also, each guide includes a ‘Where to go for help’ section with a listing of relevant agencies and service providers. For each guide we provide links to download the guide as a PDF, which is best for web viewing, or to order a printed copy through GSA.

Because people’s powers and duties as a fiduciary vary from state to state, we also created six sets of state-specific Managing Someone Else’s Money guides. These state guides provide information about the state’s unique laws and practices, as well state-specific resources. To make it easy for legal and aging experts in other states to adapt the guides for their states, we developed a set of tips and templates for creating state-specific versions. The tips summarize what we learned by collaborating with lawyers and other professionals to produce several state-specific versions. As you scroll down, you will see a Microsoft Word template for each type of guide.

The guides are not intended to provide legal advice or serve as a substitute for your own legal counsel.

Accessing the guides

For each guide we provide links to download the guide as a PDF, which is best for web viewing, or to order a free printed copy. Larger quantities can be ordered for free at promotions.usa.gov .

Power of attorney

This guide is for people who have been named in a power of attorney to make decisions about money and property for someone else.

State-specific

Tips booklet and template

Court-appointed guardians

This guide is for those who have been appointed by a court to be guardians or conservators of property, giving them the duty and the power to make decisions on someone’s behalf.

State-specific

Tips booklet and template

Trustees

This guide is for those who have been named as trustees under revocable living trusts. In these cases, ownership of some or all money and property has been transferred to a trust and, as a result, the person named as a trustee has the power to make decisions about what is in the trust.

State-specific

Tips booklet and template

Government fiduciaries

This guide is for those who have been appointed by a government agency to manage income benefits, such as Social Security or veteran’s assistance, for someone.

State-specific

Tips booklet and template