Fraud IQ Test Answer 14

 

 


14. False.
 DA cases involving theft by perpetrators with Powers of Attorney have victims who have not planned for their future care. Instead, these victims were often targeted and preyed upon by perpetrators who took advantage of their trust and isolation. The victims did not thoughtfully decide who was the best person to be their POA, nor let others know of their decisions. 

The best way to prevent POA fraud is to deliberately direct your future care. Meet with your family and/or a lawyer and discuss your future care needs, including Powers of Attorney, Living Will, and potential Conservatorship. Surround yourself with several advisors and caregivers who can provide a system of checks and balances so that no one person has total control over your finances. Even in you have financial management assistance by a Power of Attorney or Conservator, insist on receiving and reviewing copies of all bank and financial statements.