Stop Elder Abuse Scams with Powers of Attorney

Elder abuse scams are on the rise, targeting some of the most vulnerable members of our community. According to the FBI, older adults lose billions of dollars each year to financial exploitation. Unfortunately, scammers often prey on seniors who may be isolated, unfamiliar with new technology, or managing health challenges.

One of the most effective ways to guard against this type of abuse is through careful estate planning, particularly by establishing a power of attorney.

How Powers of Attorney Help Prevent Elder Abuse

A power of attorney (POA) allows a trusted individual (the “agent”) to make financial or medical decisions on behalf of another person (the “principal”). By naming someone reliable and trustworthy in advance, seniors can:

●      Avoid financial exploitation. Scammers may pressure an older adult into giving away money or signing documents they don’t understand. With a POA in place, the trusted agent has authority to step in and block suspicious activity

●      Maintain control and dignity. Instead of leaving financial decisions to chance or to the courts, the senior decides who will manage their affairs.

●      Provide clarity in emergencies. If a senior becomes incapacitated, the POA ensures their affairs continue smoothly without delay or confusion.

Estate Planning as a Broader Protection

Beyond a power of attorney, a comprehensive estate plan, including wills, trusts, and healthcare directives, further protects against fraud and exploitation. These documents help:

●      Set clear instructions. By outlining how assets are to be managed, there’s less opportunity for bad actors to take advantage.

●      Reduce family disputes. A well-drafted plan minimizes conflict that scammers could otherwise exploit.

●      Provide oversight. Trustees, agents, and other fiduciaries are legally bound to act in the senior’s best interest.

Taking Action Now

No one likes to think about being scammed or losing the ability to make decisions, but planning ahead is the best defense. By creating a power of attorney and other estate planning documents, you can protect yourself or your loved ones from elder abuse and ensure peace of mind.

If you would like to learn more about how estate planning can help safeguard your family, contact Jabbour Law today.

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