An elderly person should monitor their health carefully and address any issues that may arise. They should try to maintain their relationships with family members and people in the community. Also, they should devise a thorough estate plan, which should include documents like an advance health care directive and a financial power of attorney. This will allow a trustworthy person to handle important decisions for them if they become incapacitated. Before they sign any documents that they do not fully understand, they should consult a family member or friend (or a lawyer) who can explain the documents to them. They should be wary of telemarketers, offers that seem too good to be true, and solicitations that involve making a large purchase or investment. If managing their own finances becomes a burden, they should consult family members or industry professionals who can assist them.