EXPLOITED: Be on guard, seniors

Financial exploitation targeting older adults continues to become more prevalent in the United States, and yes, in Idaho as well. I want to encourage older adults, caregivers and their families to use their time together this holiday season to discuss ways to prevent financial exploitation and to strongly encourage North Idaho families to take some time to learn about the warning signs so they can ask the right questions and take the right precautions.

There are several signs of financial exploitation for families to look out for, including financial activity that is inconsistent with an older adult’s past financial history; a caregiver or beneficiary who refuses to use designated funds for necessary care and treatment of an older adult; confusion about recent financial arrangements; changes to key documents that have not been authorized; and an older adult who feels threatened by another individual who is seeking to control their finances.

Unfortunately, financial exploitation is often committed by a person you know and trust, which makes it even more difficult. There are steps that can be taken and resources available to help identify and remedy this serious problem.

Families who are concerned about financial exploitation should report the issue to the Area Agency on Aging or visit our website for a consumer guide entitled “Protecting Your Pocketbook.” Get an estate plan in place. Talk with an attorney about creating a durable power of attorney for asset management, a living will, a revocable, or living trust, and health care advance directives.

PEARL BOUCHARD

Coeur d’Alene