Whether a loved one lives at home with caregiver support or is moving into a retirement community, steps should be taken to protect valuable items. There is always a risk of theft, especially when the senior isn’t aware of everything occurring around them.
Security measures should be implemented, including locking up the valuables. It’s equally important to create an inventory list. That helps ensure than missing items can be identified. Additionally, the inventory can be referenced if an insurance claim is filed, whether due to theft or a natural disaster.
Inventory System to Safeguard Valuables
Each object should be listed and described in detail. Size, brand name, and identifying features will help expedite recovery. If receipts are available, it’s smart to keep these with the inventory sheet.
Here are a few examples of items to be inventoried:
- Credit and Debit Cards
- Personal Records, such as vehicle certificates or mortgage paperwork
In addition to the written descriptions, it helps to have photos of each object. For pieces of high value, consider creating a video inventory that shows the object from all angles. These files can be stored in a secured folder on a cloud storage system so that they are accessible from any location. Off-site storage means that the inventory will be accessible, even if the house is damaged due to disaster.
Once this paperwork is created, it should be placed in an envelope that is both water and tear-resistant . Preferably, the paperwork should be kept in a location away from the valuable items. A copy of the inventory list should be kept at another location, such as the home of a family member.
A few proactive steps can go a long way toward protecting the assets and valuables of a loved one. If you need additional information about preventing elder abuse and fraud, contact our team at info@SeniorSafeAndSound.org or 858-480-7551. Senior Safe and Sound.
This information is intended to inform the public at large about this important issue. It is not intended to serve as legal advice.