Identity Thieves, Scam Artists Often Target Elders There are things that can be done to protect your assets during the latter stages of your life from a legal perspective, and you should discuss your options with a good Oklahoma City elder law attorney. At the same time, each individual must take personal responsibility to protect your assets and yourself. Awareness is key, and one growing problem that seniors must protect themselves against is elder financial abuse. Though there are various ways abuse is perpetrated, we would like to highlight online financial abuse here. First of all, there are countless types of scams that are floated by unscrupulous individuals, often targeting seniors. There is nothing new under the sun, as they say, and money doesn't grow on trees. If you are approached by someone online claiming that he or she can make you a fortune later, if you are willing to part with some money now, you should immediately see a red flag and cease all communication with this individual. You’ll recognize it when you hear, “Why get 1% on your CD when this investment will pay you 10%.” Depending on the circumstances, you may actually want to contact the authorities as well. Identity theft is another thing to protect yourself against. These days, a lot of people conduct business online and your personal information may well be out there in cyberspace. You must make sure that your confidential information is not accessible to anyone, and you should also make sure that your passwords are very secure. Subscribing to a monitoring service is another thing to consider. There are reputable companies that will monitor your identity and let you know if any unauthorized activity takes place. This layer of security can be very effective. The Internet can make our lives easier, but you do have to be aware of the unscrupulous characters that are out there always looking to take advantage of others. If you use common sense and due diligence you should be able to steer clear of online financial abuse as a senior citizen and enjoy a safe online experience. Experienced estate planning attorneys Oklahoma City OK of the Parman and Easterday offers estate planning and business planning resources to residents of Oklahoma City OK. To learn more about these free resources, please visit www.parmanlaw.com/ today.
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