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Toolkit: Managing Someone Else's Money In Texas

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Texas Appleseed

Four Basic Duties of a Fiduciary

  • Duty 1: Act only in Roberto’s best interest
  • Duty 2: Manage Roberto’s money carefully
  • Duty 3: Keep Roberto’s money separate
  • Duty 4: Keep good records and report as required
  • Duty 1: Act only in Roberto’s best interest
  • Duty 2: Manage Roberto’s money carefully
  • Duty 3: Keep Roberto’s money separate
  • Duty 4: Keep good records and report as required

Book traversal links for Four Basic Duties of a Fiduciary

‹ Representative payee or VA fiduciary questions Up Duty 1: Act only in Roberto’s best interest ›

Help for Representative Payees and VA Fiduciaries

Help for Representative Payees and VA Fiduciaries

Download a PDF of this guide
This guide is provided by AARP Texas and Texas Appleseed.
Cover of help for representative payees and VA fiduciaries guide

What's Inside

  • About Texas Appleseed and AARP
  • Why Read This Guide?
  • Let's Review Some Vocabulary
    • What is a fiduciary?
    • Representative payee or VA fiduciary questions
  • Four Basic Duties of a Fiduciary
    • Duty 1: Act only in Roberto’s best interest
    • Duty 2: Manage Roberto’s money carefully
    • Duty 3: Keep Roberto’s money separate
    • Duty 4: Keep good records and report as required
  • More Things You Should Know
    • Other fiduciaries
    • Problems with family or friends
  • Watch Out for Financial Exploitation
    • Common signs
  • Be On Guard for Consumer Scams
    • How can I protect Roberto from scams?
  • Related Resources
    • Where to Go For Help
    • Glossary
  • Tell Us Your Story

All Guides In This Toolkit

  • Help For Supporters Under A Supported Decision-Making Agreement
  • Help for Agents Under a Power of Attorney
  • Help for Court-Appointed Guardians of the Estate
  • Help for Representative Payees and VA Fiduciaries
  • Help for Trustees Under a Revocable Trust
  • Preventing Elder Financial Abuse
Written in partnership between AARP Texas and Texas Appleseed
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This toolkit does not give legal advice. If you have questions about your responsibilities, talk to a lawyer, read our guides as background or visit the “Seniors and the law” webpage at TexasLawHelp.