Assemble Defenders
A strong network of friends and family can thwart exploitation, says Sally Hurme, an elder-law attorney with AARP. Your circle can alert you if an investment or an adviser doesn’t seem right.
From this crew, pick a wingman who can make financial decisions for you when you’re not able—someone money-savvy, trustworthy, and ready to act in your best interest. Draft a power of attorney for finances that names this person and an alternate, in case your first choice can’t serve.
Married people often name their spouse as a protector, but Carolyn Rosenblatt, an elder-law attorney in San Rafael, Calif., advises picking someone younger. A person your age could become impaired at the same time you do, she says.
Assemble DefendersA strong network of friends and family can thwart exploitation, says Sally Hurme, an elder-law attorney with AARP. Your circle can alert you if an investment or an adviser doesn’t seem right.From this crew, pick a wingman who can make financial decisions for you when you’re not able—someone money-savvy, trustworthy, and ready to act in your best interest. Draft a power of attorney for finances that names this person and an alternate, in case your first choice can’t serve.Married people often name their spouse as a protector, but Carolyn Rosenblatt, an elder-law attorney in San Rafael, Calif., advises picking someone younger. A person your age could become impaired at the same time you do, she says.
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