A new presentation series on proactive estate planning has been launched by New Brunswick’s Financial and Consumer Services Commission (FCNB) in recognition of World Elder Abuse Awareness Day, which is celebrated every year on June 15.
“Financial abuse and exploitation of seniors is an issue that the commission is tackling head on,” said Marissa Rignanesi, senior education co-ordinator. “By reaching out to the public with this presentation series, we are educating seniors and working with those who might be the first to see the signs of such abuse.”
As people age, they become more dependent on others, which can make them more vulnerable to financial exploitation. People should make a plan for how they want their money managed later in life before they retire, when they are better prepared to make financial choices, understand the risks and benefits, and protect themselves.
There are two presentations available in the financial abuse prevention series, including:
> Proactive Estate Planning
Information about wills, power of attorney, probate, trust and other important estate planning topics for seniors’ groups, seniors’ centres or community groups.
> Financial Abuse Recognition
How to recognize the signs of financial abuse and investment fraud, and information about what to do for professionals working in the financial services industry and the health-care sector.
Both presentations include information about what could make someone vulnerable and red flags that might indicate financial abuse or exploitation may be taking place.
The presentations were developed based on feedback from senior audiences, and from investment and financial industry professionals. Groups can book a free presentation by contacting the commission.