Several options are available to assist older family members when they are no longer able to handle day-to-day financial management tasks like paying bills and managing checking accounts, as well as with less frequent decisions related to estate planning and insurance. Options include joint checking accounts, powers of attorney, living trusts, appointment of a representative payee, conservatorship, and guardianship. We would like your feedback on this Personal Finance Frequently Asked Question.
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If my loved one is no longer able to pay her bills or handle finances, who can handle that for her?
Last Updated: February 02, 2012
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