Frauds have been common in different areas and have gone unreported for quite a long time as well. Caregivers and family members to the affected seniors stand in the first line of defense against such instances. They have a role in protecting their seniors to ensure that they enjoy their financial freedom. Here are a few practical measures on how to avoid elder fraud that one should take note.
Acquaint with different aspects that relate to the frauds. It is hard to deal with something which you are not familiar with. Therefore, you need to learn different kinds of scams to be aware of them in case they fall to your elder. Common activities that might affect the seniors include a real estate scam, a health scam, insurance scam, and lottery fraud.
Beware of everything happening to a senior. You have to be careful with every transaction that the elder makes. Therefore, you should advise the elder to remain open with any deal about to make with you. They should provide information about the financial transaction, bills, and financial emails. Providing such information will help you determine if the consideration about to make is a scam or not.
Check various measures you can use to acknowledge a fraud. It is hard to identify a fraud about to befall a senior since most of them remain silent about such a situation. Therefore, you need to identify particular changes in them to determine whether they are suffering in silence. Some of the indicators of the scam include a difference in their banking habits, payment of bills, unclear checks and unusual signatures.
Set up their checks and balances. Ensure that your seniors have the right legal documents that enable their family members and friends to help them when in need. These documents include a healthcare proxy, HIPAA release form, and their will. The records `can allow you to cater to their bills whenever they are not in a position to do so.
Seek a different person who can verify their financial transaction. You need an additional person who can prove any transaction made by the senior apart from you or the attorney. Such a decision is crucial since you might fail to be available when needed to verify a specific transaction. Look for someone who is trustworthy and would put the interest of a senior before his or hers.
Remove their details from public platforms. Most scammers get information about seniors from public avenues. You should consider removing the details of your elder from these platforms to reduce the possibility of a scam. You should help the senior sign for a National Do Not Call which prevent telemarketers from reaching out to their addresses.
Keep updated over information related to senior scams. There are ever-changing trends in the senior scamming. In that case, one has to be careful with this aspect and should look for reliable sources of information to rely on. You can get information online and through government agencies that deal with such a situation. You should also have a helpline that you can use to contact necessary authorities in case you suspect such situations.
Acquaint with different aspects that relate to the frauds. It is hard to deal with something which you are not familiar with. Therefore, you need to learn different kinds of scams to be aware of them in case they fall to your elder. Common activities that might affect the seniors include a real estate scam, a health scam, insurance scam, and lottery fraud.
Beware of everything happening to a senior. You have to be careful with every transaction that the elder makes. Therefore, you should advise the elder to remain open with any deal about to make with you. They should provide information about the financial transaction, bills, and financial emails. Providing such information will help you determine if the consideration about to make is a scam or not.
Check various measures you can use to acknowledge a fraud. It is hard to identify a fraud about to befall a senior since most of them remain silent about such a situation. Therefore, you need to identify particular changes in them to determine whether they are suffering in silence. Some of the indicators of the scam include a difference in their banking habits, payment of bills, unclear checks and unusual signatures.
Set up their checks and balances. Ensure that your seniors have the right legal documents that enable their family members and friends to help them when in need. These documents include a healthcare proxy, HIPAA release form, and their will. The records `can allow you to cater to their bills whenever they are not in a position to do so.
Seek a different person who can verify their financial transaction. You need an additional person who can prove any transaction made by the senior apart from you or the attorney. Such a decision is crucial since you might fail to be available when needed to verify a specific transaction. Look for someone who is trustworthy and would put the interest of a senior before his or hers.
Remove their details from public platforms. Most scammers get information about seniors from public avenues. You should consider removing the details of your elder from these platforms to reduce the possibility of a scam. You should help the senior sign for a National Do Not Call which prevent telemarketers from reaching out to their addresses.
Keep updated over information related to senior scams. There are ever-changing trends in the senior scamming. In that case, one has to be careful with this aspect and should look for reliable sources of information to rely on. You can get information online and through government agencies that deal with such a situation. You should also have a helpline that you can use to contact necessary authorities in case you suspect such situations.
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