Protect Yourself - Preventing Elder Financial Abuse
In a previous post I advised family members of things to look for to protect their parents. Of course, if an older individual has the ability he or she will be primarily responsible for his or her own protection. The Mature Market Institute has several helpful hints to protect oneself:
- Stay Organized – keep track of possessions; open and send your own mail; have Social Security Checks directly deposited; use an answering machine to screen calls
- Stay Informed – consult an attorney about future plans, caregiving arrangements, and review your estate plan
- Stay Alert – Don’t leave valuables in the open; participate in your financial decisions
- Stay Safe – Keep your financial information and other important documents in a safe place.
You can find out more at www.maturemarketinstitute.com.
