Why You (and I) Should Name a ‘Trusted Contact’
For the past few years, financial services companies have been bugging me to name a “trusted contact.” Banks, brokerages and insurers increasingly want to have someone to call or email in case they notice suspicious activity and can’t reach the account holder.
I ignored these requests. Trusted contacts are a great idea for older people experiencing cognitive decline, I thought, but that’s not me.
Then a younger friend developed early-onset dementia, and I realized we don’t always get enough warning to put such protections in place.
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