How can I protect my elderly parents from financial exploitation?

To protect your elderly parents from financial exploitation, there are a number of steps you can take in South Carolina. The first and foremost is to stay informed about their financial situation and keep an eye on their assets. It is also wise to review their banking and credit card statements regularly for suspicious activity. You should also help your elderly parents create a durable power of attorney, which will allow them to designate another individual to handle their financial affairs in the event that they become incapacitated. Similarly, you should also provide guidance on choosing an appropriate executor to manage their estate after they die. It is also a good idea to make sure your elderly parents have an advanced directive, which will provide instructions for their healthcare decisions if they become unable to do so themselves. Additionally, you should also ensure that their will is up to date and accurately reflects their wishes. Elder abuse is unfortunately a common problem in South Carolina, but there are laws in place to protect elderly individuals from financial exploitation. You should familiarize yourself with the laws so you can work to ensure that your elderly parents are protected. Educating yourself about the risks of financial exploitation will also help in protecting your elderly parents.

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How can I protect my elderly parents from financial exploitation?

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