Elder financial abuse happens when the senior’s funds, property, or assets are used improperly.
The abuser could be an institution or even the very people we choose to give our power of attorney to.
Elder Financial Abuse – Is Elder Financial Abuse The Crime Of The Century?
A recent Metlife study shows financial exploitation of the elderly is up 12 percent, with more than $2.6 billion taken annually. In more than half the cases, the offenders are trusted friends and even family.
Sometimes we forget that the rich and famous have problems like the rest of us.
Mickey Rooney revealed that he was abused for several years by family members. His abuse included denying food and medication, and taking control of some of his assets.
Financial exploitation doesn’t leave physical scars but the wounds run deep.
This type of abuse not only steals the elder’s resources but robs their trust and self esteem.
4 Strategies To Avoid Elder Financial Abuse
- Put assets in a trust
- Use yearly credit checks to protect against identity theft
- Inventory valuables & jewelry (keep photographs in a separate location)
- Avoid financial scammers – Get caller id
Don’t wait another minute to start using these strategies. Your loved ones are counting on you to protect them.
Watch this brief video from Wildred and make sure all your bases are covered.
Make sure you cover all the bases regarding your elder’s care by taking advantage of my complimentary Caregiver Rescue Session.
My “Caregiver Rescue Sessions“, are guaranteed to deliver tools and techniques that will:
Protect your loved ones from scam artists so they can escape the pain of elder financial abuse
Help you manage medication effectively and avoid dangerous consequences from skipped medications and even severe interactions from certain foods
I’ll reveal the secret of how to get help when you need it so you can kiss that overwhelmed feeling good bye!
You’ll learn how to keep your loved one from becoming the next nursing home nightmare victim
Discover the details on how to master long distance caregiving, whether you live five minutes away or across the country
Eliminate worry about senior slips and falls with tools and tips that improve senior safety both inside and outside the house.
And much much more!!
I know you want to do what’s best for your loved one. Just click the red “schedule an appointment” button below and start the transformation from a caregiver trying to survive to one who thrives. Go ahead and schedule your session now what have you got to lose?
By the way…