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Yuma, Arizona (NAPSI) - Older Americans should know that while financial abuse is believed to cost seniors an estimated $3 billion annually, you can help prevent it and protect yourself.

Signs To Watch For

• You, family, friends or your bank notice financial activity you don’t recall, that is not consistent with your financial history or that is beyond your means.

• Your caregiver or beneficiary refuses to use your funds for necessary care and treatment or is threatening to place you in a long-term care facility unless you give him or her control of your finances.

• It appears that food or medication has been manipulated or withheld so you become weak and compliant.

Steps You Can Take

• If you feel threatened and believe you are in immediate danger, contact law enforcement.

• Talk with family members, friends and trusted professionals to plan your financial future. If managing your daily finances is difficult, consider engaging a money manager.

• Talk with a lawyer about creating a durable power of attorney for asset management, a revocable or living will, trust and health care advance directives.

• Never send anyone personal information to collect a prize or reward.

• Don’t be pressured or intimidated into quick decisions by a salesperson or contractor.

• Don’t sign any documents you don’t completely understand without first talking it over with an attorney or a family member you trust.

• Never provide personal information (Social Security, credit card, ATM PIN number) over the phone unless you placed the call and know with whom you are speaking.

• Tear up or shred credit card receipts, bank statements, solicitations and financial records before disposing of them.

• If you hire someone to help you in your home, be sure that person has been properly screened, with criminal background checks completed.

• If you suspect you or someone you know is being exploited, call (800) 677-1116 to get connected with the state Adult Protective Services or other appropriate aging resource.

• For more information on financial exploitation, you can request a free brochure from the Eldercare Locator, “Protect Your Pocketbook: Tips to Avoid Financial Exploitation.” Call (800) 677-1116; the brochure can also be downloaded at www.eldercare.gov. The Eldercare Locator is a public service of the U.S. Administration on Aging and is administered by the National Association of Area Agencies on Aging (n4a).