Many people may find themselves becoming financial caregivers of a loved one as that loved one ages or experiences a life changing event. In this module, we will review what that relationship might look like, including a variety of legal structures to consider. We will cover financial accounts that may be involved, and provide next steps for those who are ready to move forward with the process of committing to a financial caregiver.
Ready to Learn More?
Watch our Becoming a Caregiver module. It's quick and easy. Simply click the yellow button at the bottom of this page. The module will start playing as soon as you arrive on the site. Once you've listened to the introduction, click the arrow to the right of the screen to move through the three different topics:
- Legal structures
- Roles and responsibilities
- How to plan ahead
Tips
Once you've started the module, you can see captions, adjust volume and pause the module by using the controls at the top right of the screen. You can also select the transcript button to see all of the content from the module.
Managing finances may be easier now than ever before. As people age, however, issues ranging from illnesses to lack of mobility can make it difficult for them to conduct their financial affairs. In these cases, seniors often choose to establish a relationship with someone they trust to act as their financial caregiver.