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Financial support for family caregivers: planning and legal advice.

This Act aims to improve the financial situation of family caregivers, including older relatives caring for children or individuals with disabilities. It establishes a grant system for organizations to provide free financial planning services, covering advice on public benefits, debt management, and long-term care costs. This ensures citizens acting as caregivers receive necessary tools and information to better manage their finances and plan for future care needs.
Key points
New grants for financial planning services: Funds will be allocated to government agencies and non-profit organizations to offer free financial advice to family caregivers.
Comprehensive financial counseling: Services will include information on available public benefits, care options, budgeting, saving, debt management, and the cost of long-term care.
Legal support and estate planning: Caregivers will receive referrals for legal assistance on topics such as estate planning, power of attorney, and wills.
Service accessibility: Advice must be provided in accessible language, utilizing assistive technology, and offering translation services for caregivers whose primary language is not English.
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Additional Information
FINANCE Act
Print number: S 4735
Sponsor: Sen. Markey, Edward J. [D-MA]
Process start date: 2024-07-23