How can I protect my elderly parents from financial exploitation?

To protect your elderly parents from financial exploitation, there are several steps you can take. First, always remember that the best defense is prevention. Let your parents know that you are ready to help if needed, and ensure they are aware of the potential for financial exploitation. Secondly, make sure your parents understand the legal and financial implications of any decision they make and monitor their finances closely. Thirdly, ensure your parents know their rights, both under North Carolina state law and federally, and consider taking additional steps to protect their assets, such as creating a trust or setting up a power of attorney. Finally, look into resources that can help protect elderly family members from financial exploitation, such as elder law attorneys and advocacy programs. By taking these steps and staying vigilant, you can help protect your elderly parents from financial exploitation and ensure they are financially secure for years to come.

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How can I protect my elderly parents from financial exploitation?

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