
Caregiving and Estate Planning Provides Peace of Mind for All Generations
With so many responsibilities on a farming or ranching operation, caregiving plans can often get overlooked until it’s too late.

With so many responsibilities on a farming or ranching operation, caregiving plans can often get overlooked until it’s too late.

The sooner someone facing a dementia diagnosis begins plans for their future care and financial decisions, the better it will be for those they love, experts say.

The financial exploitation of elderly people comes at a great cost: It costs victims as much as $36.5 billion each year, according to the National Council on Aging. It can also be more difficult to detect than physical abuse and neglect because it’s often done by family members, trusted friends and caregivers.

Advocates are celebrating an important victory for individuals who provide care for their parents at home. The new decision will likely lead to a substantial expansion in the number of homes transferred to those caregivers.

Each year, senior citizens lose billions of dollars to financial fraud, with the loss to individual victims averaging tens of thousands of dollars.