Learn more about elder abuse – how to identify, prevent, and deal with it.
Legal Tools for Financial Decisions
Financial decisions are about anything related to buying, selling, managing or protecting property. A financial decision relates to anything you can own (including money).
Legal tools for making financial decisions include:
- Enduring Powers of Attorney (made by a mentally capable adult)
- Jointly owned bank accounts and property
- Informal trustees (authority limited to paying bills and depositing government cheques)
- Trusteeships orders (made by the court)
Learn more about financial decision-making tools on OakNet – our website for older adults.