The CFPB’s Managing Someone Else’s Money guides include four guides for four different fiduciary capacities: agents under power of attorney, court-appointed guardians, trustees, and government fiduciaries. Each guide contains information on fiduciary 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. State-specific guides have been developed for six states: Arizona, Florida, Georgia, Illinois, Oregon, and Virginia. These guides provide information about the state’s unique laws and practices, as well as state-specific resources.
MyMoney Resources - Life Events
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Following a rigorous research effort to develop a consumer-driven definition of financial well-being, the CFPB developed and tested a set of questions–a “scale”–to measure financial well-being. The scale is designed to allow practitioners and researchers to accurately and consistently quantify, and therefore observe, something that is not directly observable–the extent to which someone’s financial situation and the financial capability that they have developed provide them with security and freedom of choice. This guide describes the research behind the CFPB Financial Well-Being Scale and provides detailed steps for using it, including how to score individuals’ responses and compare their scores.
Agency Owner: Consumer Financial Protection Bureau
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Money Smart for Older Adults (MSOA) is stand-alone instructor-led training module developed by Federal Deposit Insurance Corporation (FDIC) and the Consumer Financial Protection Bureau (CFPB) which provides awareness among older adults and caregivers on how to prevent elder financial exploitation and to encourage advance planning and informed financial decision-making. The following seven topics are covered: Common Types of Elder Financial Exploitation, Scams Targeting Veterans, Identity Theft, Medical Identity Theft, Scams that Target Homeowners, Planning for Unexpected Life Events, How to Be Financially Prepared for Disasters.
The curriculum is available free of charge; orders can be placed online.
Agency Owner: Federal Deposit Insurance Corporation
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Who is responsible for paying off the debts of your deceased relatives?
Agency Owner: Federal Trade Commission
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Planning a funeral is an emotional experience. These practical tips can help.
Agency Owner: Federal Trade Commission
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Explains what the law has to say about who has responsibility for a dead relative’s debts.
Agency Owner: Board of Governors of the Federal Reserve System
Document Type: Fact Sheet
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This website provides Information about Social Security benefits that women should know as brides, new mothers, divorced spouses, caregiver or widows.
Agency Owner: Social Security Administration
Document Type: Website
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Social Security should be notified as soon as possible when a person dies. This site provides information about how you can report a death in the family and about possible benefits for family members, including surviving spouse, unmarried children, and parents.
Agency Owner: Social Security Administration
Document Type: Website, Article
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Guidance and information on purchasing funeral services.
Agency Owner: Federal Trade Commission
Document Type: Website, Article
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This special edition of FDIC Consumer News puts special focus on staying focused and avoiding costly decisions during major life events.
Agency Owner: Federal Deposit Insurance Corporation
Document Type: Website, Article
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