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Most parents don’t realize their child’s identity and assets can be stolen before they even learn to spell their name. From trust funds and savings accounts to Social Security numbers, a child’s financial profile is a tempting target for fraudsters. Because children typically don’t use their credit or banking accounts for many years, identity theft can go unnoticed until major damage is already done. Taking early, proactive steps to ensure financial security is more important than ever. The good news? With a few simple habits and safeguards, you can dramatically reduce the risk of fraud and protect your child’s financial future.
