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If your loved one falls under this category, they still have plenty of options available.
Below are some key money moves to make to help your family member lacking permanent legal status.
Keeping this in a safe or safety deposit box ensures its accessible in case of changes to legal status.
Dalton Tigner, agent atTigner Insurance & Associates, agreed.
Cash is critical when traditional accounts arent an option, he said.
This ensures basic needs are met no matter what changes may come.
Security is another key factor, Zhou added.
With prepaid cards, your loved ones can manage their finances more confidently and securely.
Its an easy-to-use solution that removes many of the barriers undocumented individuals face in thetraditional banking system.
With theright trusted individual, he said, families can safeguard their assets without exposing them to unnecessary risk.
Its a brilliant, culturally familiar solution that helps families grow their wealth without traditional banking barriers.
Its a proactive approach to securing their financial well-being.
My role is steering clients to build that safeguard.
Reach out to local resources for help.
Someone will want to support your community.
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