The Role of a General Durable Power of Attorney (POA)
A POA allows a trusted agent to manage a senior's finances and legal matters, providing:
- Protection Against Scams: Agents monitor financial activities and prevent suspicious
transactions.
- Immediate Action: Agents can quickly stop unauthorized financial activities and contact banks.
- Control and Flexibility: Seniors retain control and can revoke the POA if necessary.
Choosing the Right Agent
Select a trustworthy agent and communicate openly about their responsibilities.
Common
Scams
Attorney Samantha Gordon highlights:
- Social Media Scams: Scammers befriend seniors on platforms like Facebook and ask for money.
- Financial Exploitation by Agents: Some agents misuse their power for personal gain. Choose agents carefully and include specific provisions in the POA.
Legal and Practical
Advice
Attorney Brenton Begley recommends:
- Understand the POA: Know the powers granted and communicate openly with the agent.
- Monitor Finances: Regularly review bank statements and transactions.
- Stay Informed: Watch for signs of cognitive decline and vulnerability to
influence.
Conclusion
Protecting seniors from scams requires vigilance and the right legal tools. A General Durable Power of Attorney is essential.
