8 Tips to Help Prevent Elder Financial Exploitation

8 Tips to Help Prevent Elder Financial Exploitation

Trying to prevent elder financial exploitation is difficult. There are many scammers with different methods of exploiting seniors.

I talk about 8 tips to help prevent elder financial exploitation.

Tip 1: Set Up a Trusted Contact at Every Financial Institution

Tip 2: Set Up “View-Only” Access for A Trusted Person

Tip 3: Create a Small Separate Bank Account

Tip 4: Create a Durable Financial Power of Attorney

Tip 5: Freeze Their Credit

Tip 6: Get a Credit Report Three Times a Year

Tip 7: Block Solicitations

Tip 8: Stay in Regular Communication with Seniors