BE WISE

PROTECT YOURSELF FROM FINANCIAL ABUSE

Experts say elder financial abuse will be the "crime of the 21st century " as the burgeoning senior population becomes a target. Regrettably, their own relatives or caregivers - people they generally trust, victimize many seniors.

Financial exploitation takes many forms.

Some seniors are "befriended " by con artists who make their living preying on others.

Some are deceived by telemarketers whose products are worthless, overpriced or nonexistent.

Others are pressured into giving "gifts."

Seniors may risk losing their homes through unfair or misleading home equity agreements or fall prey to unscrupulous home repair contractors.

TRUST YOUR INSTINCTS

Abusers are often very skilled. They can be charming and forceful in their effort to convince you to give up control of your finances. Don't be fooled.

Trust your instincts. If something doesn't feel right, it may not be right. If it sounds too good to be true, it probably is.

TAKE CHARGE

You can take steps to protect yourself from financial abuse:

• You have the right not to be threatened or intimidated. If someone close to you is trying to take control of your finances, speak to someone you trust or call your local Adult Protective Services.
  

• Plan ahead to protect your assets and to ensure that your wishes are followed. Talk to someone at your bank, an attorney or financial advisor about the best options for you.
  

• Check references and credentials of anyone who wants to do work in your home.
  

• Do not allow employees to have access to or information pertaining to your finances.
  

• Get to know your banker. Build a relationship with the people who handle your finances. They can be on the lookout for any suspicious activity related to your account.
  

• Consult with a financial advisor or attorney before signing any document you don't understand.
  

• Never let yourself get rushed into a deal.

• Ask for details in writing.
  

• Pay with checks and credit cards rather than cash to keep a paper trail.
  

• Stay informed about current scams and con games. Newspapers and organizations like A.A.R.P. (www.aarp.org or 1-800-424-3410) are good sources of information.
  

• Feel free to say "no." After all, it 's your money.

ASK FOR HELP.

Wise people know when they need assistance.

If you 're unsure about a document or deal, ask questions. Contact your bank, an attorney or financial advisor. Their advice could help you avoid a financial disaster.

If you or someone you know has been financially exploited, contact your county 's Adult Protective Services office today. The identity of the reporter is kept strictly confidential.

Pacific Trust Bank is proud to be a supporter of The California Community Partnership for the Prevention of Financial Abuse (CCPPFA).

For more information, visit their web sitehttp://www.bewiseonline.org