Smart Consumer Series – Cognitive Aging & Financial Exploitation

Consumer Finance Institute

To help adults protect themselves from financial exploitation, the Federal Reserve Bank of Philadelphia published seven actions to take:

  1. Assign trusted contacts to all financial accounts
  2. Prepare a durable financial power of attorney
  3. Prepare a Will (and/or Trust)
  4. Keep up on the latest scams
  5. Monitor your credit and identity
  6. Consider hiring a money manager
  7. Consider purchasing financial account monitoring services

Contact one of our Fiduciary Planners to learn how our Bill Pay Services can help avoid financial exploitation

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