CSA Ethical Issues for Seniors 2

Question 1

An elderly client tells you she wants to give her entire savings to a televangelist. What is the most ethical first step?

Accepted Answer

Assess whether she has cognitive impairment affecting her decision-making capacity

Answer

Assessing decision-making capacity is the first ethical step before taking any further action regarding a potentially harmful financial decision.

Question 2

Which principle most directly governs a senior advisor's duty to avoid actions that harm clients?

Accepted Answer

Nonmaleficence

Answer

Nonmaleficence is the ethical principle requiring practitioners to avoid causing harm to their clients.

Question 3

A CSA discovers that a colleague is recommending unsuitable annuities to seniors for high commissions. What should the CSA do?

Accepted Answer

Report the misconduct through appropriate channels such as the CSA ethics board

Answer

Reporting colleague misconduct through proper channels protects seniors and upholds the integrity of the CSA designation.

Question 4

Undue influence over a senior is most likely occurring when:

Accepted Answer

A caregiver isolates an elder and is named sole beneficiary in a new will

Answer

Isolation combined with financial benefit to a caregiver are classic indicators of undue influence.

Question 5

A senior advisor learns that a 78-year-old client is being overcharged by a home repair contractor who is a friend of the client's son. This is best described as:

Accepted Answer

A potential form of financial exploitation requiring further attention

Answer

Overcharging a vulnerable senior by a trusted contact is a form of financial exploitation that a CSA is ethically obligated to address.

Certified Senior Advisor Exam Practice Test

Certified Senior Advisor Exam Practice Test

CSA Ethical Issues for Seniors 2