Members of the MFEC attended the 51st Annual Governor’s Conference on Aging this week in Billings. Several MFEC Board members participated in a keynote presentation titled Elder Fraud and Exploitation Prevention Measures and Success through Networking. The efforts by these stakeholders are proof that collaboration, communication and commitment can make a difference. Financial literacy is a valuable tool in the fight against elder fraud and exploitation. This is why the MFEC supports a cradle to grave approach to financial education.
Another MFEC Board member Marsha A. Goetting, MSU Extension Specialist presented “Double Estate Planning for Caregivers” at the conference. She discussed legal and financial documents that caregivers need to consider in case the loved one with Alzheimer’s is not competent to sign. She created an awareness of the Montana Statutory Financial Power of Attorney that can be found at www.montana.edu/estateplanning/eppublications.html
Elder Fraud and Exploitation Prevention PanelFrom Left to Right: Michael Hagenlock, Bureau Chief, Adult Protective Services; Jennell Huff, Montana Elder Fraud and Exploitation Prevention Network; Marcus Meyer, Investigator and Compliance Specialist, Office of Consumer Protection; Al Ward, President, AARP MT and WY; Wayne Johnston, Admin. Bureau Chief, Montana Division of Banking and Financial Institutions; Brett Olin, Chief Securities Counsel, Office of the Montana State Auditor, Commissioner of Securities & Insurance