To help adults protect themselves from financial exploitation, the Federal Reserve Bank of Philadelphia published seven actions to take:
- Assign trusted contacts to all financial accounts
- Prepare a durable financial power of attorney
- Prepare a Will (and/or Trust)
- Keep up on the latest scams
- Monitor your credit and identity
- Consider hiring a money manager
- Consider purchasing financial account monitoring services
Contact one of our Fiduciary Planners to learn how our Bill Pay Services can help avoid financial exploitation