Class 5: Safety

LESSON
#3/5

Financial Safety

Some common financial mistakes include forgetting or overpaying bills or misunderstanding the mail. For example, your loved one may fall for a gimmick that prompts him or her to send money for cash or items that likely will never arrive.

Making sure your loved one has a durable power of attorney for finances, a will, and a revocable living trust.

Stay in contact with his or her financial advisor, CPA and/or tax attorney.

You don't want your loved one's utilities to be shut off due to unpaid bills.

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