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Showing posts from June, 2020

First Bank & Trust Company Raises Awareness of Elder Abuse

According to the National Council on Aging, almost 90 percent of the financial abuse committed against older Americans is done by someone they know. More than ever, it is imperative for seniors to select a trustworthy person to properly manage their finances and personal affairs.  “Fraudsters often prey on seniors experiencing cognitive decline, limited mobility and other disabilities that require them to rely more heavily on others for help,” stated W. Mark Nelson, President and CEO of First Bank & Trust Company. “Appointing someone you trust to handle your financial matters aids tremendously in the fight against these crimes.” In recognition of World Elder Abuse Day on June 15th, First Bank & Trust Company offers seven tips to help choose the right financial caregiver and prevent financial abuse:  ·          When delegating financial decisions, make sure it’s someone you trust . If you are unab