19-Nov-2024
As our elderly parents age, they become more vulnerable to financial exploitation, and as their child, protecting our finances becomes an important yet difficult task.
Source: Freepik
Early detection of signs like unusual bank activities, excessive generosity, and altered financial behaviors can make all the differences.
Source: Freepik
Initiating open conversations can help build trust and make it easier to look out on their spending.
Source: Freepik
Safeguarding finance legally, such as obtaining power of attorney, can protect you from potential exploitation risks.
Source: Freepik
Getting personalised advice and financial guidance from a financial advisor, attorney, or care manager can also be of great help.
Source: Freepik
Educating about what kinds of scams have been going around and how they can exploit our finances is also very crucial.
Source: Freepik
Source: Freepik