(US News) – Today, many adults have elderly parents who live independently. However, as the number of digital scammers who prey on the elderly increases, your elderly parents are at greater risk of financial fraud.

“You have to be willing to protect your parents from the growing threat of digital scammers and become their trusted advocate,” says Laura J. Laturet, CFP.® Not long ago, Laturet had to come to the aid of her own mother, who was the target of scammers pretending to help upgrade her computer.

Here are some tips that LaTourette offers to protect your parents ’finances as they age:

• Talk. Sometimes talking about money is difficult even with close family members. Older people need to understand that they are at risk of fraud if they do not have someone to help manage their money as they get older. Ask about spending, savings, and charitable habits and find out who has access to your parents ’account information.

• Create a team. Involve other family members when needed, and identify other trusted contacts with whom your parents feel comfortable discussing money issues. If your parents are working with a CERTIFIED FINANCIAL PLANNER specialist ™, arrange a meeting to talk about fraud protection and create a care plan for the elderly for your parents.

• Make security simple. Set up your account information online and show parents how they and you can track account activity. Set up automatic monthly billing. If your parents still enjoy viewing and balancing their current accounts each month, use this as an opportunity to identify anything that looks unusual.

• Creating a power of attorney. As parents get older, they may need someone else to communicate with financial institutions or health care providers. Make sure your parents have an updated power of attorney that lists you and / or any other trusted contacts. The same goes for a medical power of attorney.

• Chop what you can. Many older people have financial documents that do not need to be kept, but because of confidential information cannot simply be thrown away or recycled. Once you find old financial documents, either shred them yourself at home, or collect boxes of material to take them to a shredding event that occurs periodically in most communities.

• Check their credit. Be sure to watch your parents credit reports at least once a year; this helps ensure that no one opens fake accounts using their identity.

Visit LetsMakeAPlan.org for more information on how to help your parents protect their finances during aging.

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