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5 Ways to Prevent Elderly Fraud

First and foremost, you can help protect your senior and reduce their risk of financial abuse by making him or her aware of the risk of elder financial abuse.

  • Avoiding isolation by staying involved with friends, family, and community activities.
  • Seniors should include safeguards in their durable powers of attorney to help prevent those being misused by their agent is another way to secure his or her assets.
  • Refuse to engage with anyone who calls or comes to the door selling anything or looking for donations is another good practice.
  • Use direct deposit for checks ensures that they go right into their accounts and are protected.
  • Never give credit card, banking, or other personal information out over the phone unless your senior loved one initiates the call.