submitted by E. Garrett Gummer, III, Esquire, and Maureen L. Anderson, Esquire, www.GummerElderLaw.com
Have you been officially asked to manage someone else’s money? For example, have you been named as an agent under a power of attorney or a trustee of a trust?
As our society ages, more and more people are being asked to take on these roles, but they can be daunting. In order to help, the U.S. Consumer Financial Protection Bureau has published four free guides under the general title, Managing Someone Else’s Money.