1. Managing Someone Else’s Money in Georgia: Help for Financial Caregivers
September 14, 2017

2. Managing Someone Else’s Money
CFPB INITIATIVE:
Released a set of national guides called Managing Someone Else’s Money in 2013
User-friendly “how-to” guides for four types of fiduciaries: agents under powers of attorney; guardians; trustees; Social Security representative payees and VA fiduciaries
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3. Who are these guides designed to assist?
Anyone named to manage money or property for
someone else
Agents under Power of Attorney
Court-Appointed Conservators
Representative Payees and VA Fiduciaries
Trustees under a Revocable Living Trust
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4. What’s in the guides? Walk fiduciaries through their duties
Tell them how to watch out for scams and financial exploitation and what to do if their loved one is a victim
Tell them where to go for help
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5. State guides: how are they different?
Each state has unique laws and practices
Examples of state-specific information about laws and practices:
Georgia law requires that conservators (guardians of property) make a plan for managing the money and property, and file it with the court.
“Where to go for help”
Filled with state and local agencies and service providers for timely, nearby help for financial caregivers
Experts consulted:
Natalie Thomas, State Legal Services Developer, Division of Aging Services, Georgia Department of Human Services
Jamie F. Clark -
Jamie Clark, a member of the Alabama and Georgia Bars, has been practicing law for over twenty-five years, specializing in all areas of elder law, and special needs law, including estate planning, probate of wills, guardianships/conservatorships.
Jeffrey Williamson - Jeffrey L. Williamson is the founder of J. L. Williamson Law Group, LLC. The firm specializes in elder law, asset protection, tax planning, and tax controversey
Jim Swain - Swain Law Firm is dedicated to assisting Veterans, Elders and their families with Estate Planning, Wills, Trusts, and VA Pension and Benefits for both the Veteran and Surviving Spouse. 5

6. How you can get the guides
Available for download
Free single and bulk orders
Links for downloading and ordering are at the Managing Someone Else’s Money landing page: money
Individuals who cannot access the internet: call Consumer Response at CFPB (2372)
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7. Dissemination ideas Who are the audiences?
Financial caregivers – the four types of fiduciaries
Adults who have planned ahead and named fiduciaries
Who may want to distribute the guides?
Aging services providers
Professionals who serve older adults and their fiduciaries (e.g. elder law and T&E attorneys, financial advisers, accountants)
Financial services providers (e.g. banks, credit unions, broker-dealers)
APS and other government agencies
Congregate care facilities
And….
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8. Tami Sieckman, tamara.sieckman@cfpb.gov
How to contact us
Tami Sieckman,
Naomi Karp,
Office for Older Americans,
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Questions? 8