CSA Ethical Issues for Seniors 3

Question 1

A senior's daughter asks you to share her mother's financial information without the mother's consent. The correct response is:

Accepted Answer

Decline and explain the confidentiality obligation to the client

Answer

Client confidentiality must be maintained and information may not be shared with third parties, including family, without the client's consent.

Question 2

Which of the following is a recognized category of elder abuse?

Accepted Answer

Withholding food, medication, or needed care from a dependent elder

Answer

Withholding necessities such as food and medication from a dependent elder constitutes neglect, a recognized form of elder abuse.

Question 3

A 75-year-old client with mild dementia wants to purchase a complex variable annuity. The most ethical action is to:

Accepted Answer

Conduct a capacity assessment and involve appropriate parties before proceeding

Answer

When cognitive impairment is present, verifying decision-making capacity before completing a significant financial transaction is an ethical requirement.

Question 4

The ethical obligation of 'beneficence' in working with seniors means:

Accepted Answer

Actively working to promote the client's well-being and best interests

Answer

Beneficence requires the advisor to take positive steps to advance the client's welfare, not merely to avoid harm.

Question 5

A caregiver asks a CSA to help transfer an elder's assets into the caregiver's name 'to make management easier.' The CSA should:

Accepted Answer

Refuse and report the request as a potential financial exploitation red flag

Answer

A caregiver requesting asset transfers to their own name is a major red flag for financial exploitation requiring refusal and reporting.

Certified Senior Advisor Exam Practice Test

Certified Senior Advisor Exam Practice Test

CSA Ethical Issues for Seniors 3