Preventing financial exploitation of nursing homes or other care facilities requires vigilance and proactive measures. Trusted third parties can help you monitor your elderly parent’s finances and guard against financial exploitation in nursing homes.
Although many cases go unreported, the National Council on Aging suggests that the financial exploitation of the elderly may amount to a staggering $36.5 billion annually. That may just be the tip of the iceberg.
Scams are everywhere, and older people are prime targets. It’s critical to be vigilant, safeguard personal info, get paperwork in order and more.
Email scammers sent an Uber to the home of an 80-year-old woman who responded to a well-timed email scam, in a bid to make sure she went to the bank and wired money to the fraudsters.
Stan Lee’s estate is one step closer to clearing up a messy legal battle involving accusations of exploitation and elder abuse by the comic book legend’s inner circle, with the settlement of a lawsuit against Lee’s former business manager, Jerardo “Jerry” Olivarez.
Financial exploitation comes in many forms, and older adults are often the victims.
These red flags signal that your financial data or other personal information may have been breached.
The Wealth Advisor’s recent article entitled “Beware of These Common Estate Planning Scams” advises you to avoid these common estate planning scams. Cold Calls Offering to Prepare Estate Plans. Scammers call and email purporting to be long lost relatives who’ve had their wallets stolen and are stranded in a foreign country. Seniors fall prey to…
A South Florida man is facing charges after prosecutors said he acted as a money laundering agent for individuals perpetrating what is known as ‘the Grandparents Scam.’
Postal service leaders are warning veterans to be wary of a new round of financial scams targeting their families, by promising quicker coronavirus vaccines and extra money for virus-related medical care.