Tips To Prevent Fraud Against The Elderly

Tips To Prevent Fraud Against The Elderly

Elder Fraud is a growing concern. The entire family should come together to take measures to protect your loved one's assets.

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Here are a few tips to get you started:

  • Educate all family members about the possibility of elder fraud.
  • Set withdrawal limits to avoid large bank withdrawals.
  • Arrange for pension income to be automatically deposited into the senior's bank account.
  • Limit cash on hand by paying bills with automatic payments.
  • Do a financial review/audit every six months.
  • Put restrictions on your power of attorney.

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