Having someone who is legally empowered to make choices for you can save you from improper management of your finances, and it’s important to make execute your power of attorney before you become too ill to make this important decision.
6 Tips to Avoid Senior Scams
By Sharon O'Brien, About.com
A power of attorney gives a trusted person of your choice the power to make key financial or life decisions for you if you become incapacitated. Unfortunately, many people are taken advantage of by perpetrators of senior scams when they become ill or injured and cannot make good decisions for themselves.
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- Sign Up for Direct Deposit at Your Bank
- Reduce Telemarketer Calls to Avoid Senior Scams
- Ignore Direct Mail Advertising to Avoid Senior Scams
- Seniors: Look Out for Medicare Drug Discount Card Scams
- Assign a Power of Attorney
- Avoid Disclosing Personal or Financial Information to Avoid Senior Scams
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