Scammers and fraudsters will: Try to play on your emotions to trick They try to confuse you to convince you you into making decisions you wouldn’t that nothing is out of the ordinary: otherwise make, such as: y By calling from unknown numbers and y The fear of getting into trouble or of hanging up quickly or requesting remote losing your money access to your computer y Feeling lonely and wanting t. [...] 22 | Safe & Savvy Some things to share: Your preference for future accommodation and care, should you no longer be able to look after yourself at home Who you would like to help you manage your day-to-day finances; an enduring power of attorney will help you formalise the details for when the time comes Details about your financial accounts and investments, and how you would like this information. [...] Bank staff can help you with the everyday management of your finances and direct you to the right type of products and services for your needs and age. [...] an enduring power of attorney? If you don’t have an enduring power of attorney and you need someone with legal authority to make a financial Note: A general power of decision because you don’t have attorney is only effective while you decision-making capacity, the relevant have the capacity to make and body in your state or territory may communicate decisions for yourself. [...] The person you name in a TPA has the same access to the nominated TPAs only apply to personal accounts – that account(s) as your attorney and is is, you cannot give another person access to equally able to withdraw your money loan accounts or credit cards for example.
- Pages
- 64
- Published in
- Australia
Table of Contents
- Who should read this guide 2
- Safeguarding your financial future and your loved ones 2
- What is in this guide 3
- Part 1 4
- 568.6 million 5
- Many victims huge losses 5
- Top contact methods 5
- Warning signs to look out for 6
- Common scams and fraud 8
- Jennifers story 10
- How you can protect yourself 11
- Enjoy extra control at your fingertips 14
- Richards story 16
- Part 2 18
- Understanding elder financial abuse 18
- 10 common forms of elder financial abuse 22
- Part 3 24
- Planning for the future 24
- Why you need a support team 26
- How to choose your support team 28
- Picking the right team captain 32
- 5 qualities every team captain should have 33
- Choosing the right decision making tool 34
- Risks and red flags to look out for 36
- Brians story 38
- Part 4 39
- Warning signs of elder financial abuse 39
- Warning signs to watch out for 40
- Changes 40
- Confusion 41
- Coercion 41
- Maddys story 42
- Georges story 43
- Part 5 44
- Advice and support for carers and attorneys 44
- Being a carer 46
- Where can carers find support 47
- Your responsibilities as a carer 48
- Early warning signs to watch out for 49
- Acting as an attorney 50
- How do I lodge a power of attorney with the bank 51
- Part 6 52
- Where can I go for help 52
- External support services 53
- Elder abuse 53
- Senior advocacy services 54
- Scams and fraud 56
- Managing your money 57
- Legal assistance 58
- Carer and attorney support 59
- Aged care information 60
- Government advice benefits and payments 61
- Glossary 62
