Managing Someone Else's Money - Help for representative payees and VA fiduciaries - Consumer Financial Protection Bureau - Bog

Why read this guide?
Like many people, you may never have been a representative payee or VA fiduciary before. That's why we created Managing someone else's money: Help for representative payees and VA fiduciaries. This guide will help you understand what you can and cannot do in your role as a representative payee or VA fiduciary. In both these roles, you are a fiduciary. For this guide, a fiduciary is anyone named to manage money or property for someone else. You'll find brief tips to help you avoid problems and resources for finding more information.
This guide is for family and friends serving as a representative payee or VA fiduciary, not for professionals or organizations. The guide does not give you legal advice. State laws vary, so you may have additional duties. Talk to a lawyer if you have questions about your duties.