Financial Abuse of Older People – Prevention

Content Summary

 

Know your clients

Perpetrators of financial abuse of older people are most often trusted family members or friends, most commonly a son of the older person. It is important for practitioners to know who their client's family is and who is assisting with financial matters.

 

Plan ahead

We created this Planning ahead checklist to help our members in counsel an older client or preparing their affairs for life in their retirement. This checklist aims to help you make the client aware of the existence, nature and causes of financial abuse and their options for making preparations that will protect them against it.

 

Use this checklist when:

  • preparing for a meeting with an older client who has not formalised their plans
  • drawing up an action list following an interview with the older client
  • as a tool for making your employees aware of the issue and for developing protocols within your firm for addressing it.