New money guides aim to help Oregon seniors

Consumer Financial Protection Bureau releases Oregon-specific guides

An older couple (KOIN, file)
An older couple (KOIN, file)

PORTLAND, Ore. (KOIN) — The task of managing someone else’s money can be overwhelming.

That is why the Consumer Financial Protection Bureau is releasing four new Oregon-specific guides.

“They’re going to help us look out for those who would do harm to our seniors,” Attorney General Ellen Rosenblum said about the new guides.

Rosenblum says people like her will benefit from them. “I’m the power of attorney for my 90-year-old mom. I’m going to benefit because it’s going to help me to understand why my responsibilities are.”

Each state has different laws, so the guides on being someones power of attorney, court appointed guardian, trustee or someone appointed to manage a senior’s income benefits are specific to Oregon.

“It’s going to help us to do a better job of taking care of our elders when we are asked to take on these really important responsibilities,” Rosenblum says.

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