As you think about your personal year-end accounting and financial tasks, consider ways that you might support the financial needs of elderly family members. It’s important that you maintain awareness about their financial situation. Here are a few tips that can help you uncover financial abuse. Financial To-Do List to Detect Elder Abuse Review Checking
Elder abuse can be a serious concern throughout the year. It’s an unfortunate fact that family members often don’t detect its warning signs. This is especially true for those who reside in a different city or state. Since the holidays usually bring families together, they provide a great opportunity to observe the situation. During this
It can be frightening to discover that a family member is the victim of elder abuse. Whether you have uncovered signs of physical, financial, or emotional abuse, it’s critical that you take action as soon as possible to stop the abuse and protect the individual. Take the Accusation Seriously Don’t make the mistake of looking
How much money is at risk if a family member falls prey to a financial scam? Many people don’t realize the significant financial toil that can occur from even minor scams. One of the best defenses for protecting loved ones is to learn more about these common rip-offs in advance. Small Scale Financial Scams There
As technology advances, many seniors feel sidelined by their incapacity to use it. Fortunately, companies like GreatCall make it easier for older generations to access current technology. The benefits can range from increased contact with family and friends, to improved safety and health. What is GreatCall? GreatCall is a San Diego-based company dedicated to creating
The digital world has made it easier than ever for scammers to steal information and take advantage of unknowing victims. Most people understand that they should avoid phishing emails and telemarketing calls. But, there is one group in society that often falls prey to these scams: seniors. Older Adults are Often Targets for Financial Abuse
Did you know there is a good chance that elder abuse is taking place right under your nose? What’s more, in many cases, the abuser is inside the victim’s inner circle. A report by MetLife stated that 65% of elder abuse cases involve a family member. So even if you are actively involved in the
Credit cards are great tools. But people of all ages need to be vigilant in monitoring monthly statements. Older family members are especially vulnerable to being charged either wantonly (such as an “innocent” recurring fee) or fraudulently. These things add up, even into the hundreds or thousands of dollars over time. Small, Recurring Transactions Most
As a person ages, digestion slows down causing nutrient absorption to change. As a result, there is a higher risk of malnourishment for aging adults, especially if they aren’t eating a healthy diet. In some situations, a person might be suffering from malnourishment due to abuse or neglect. But, there might be other instances where
Identity theft threatens people of all ages. Aging adults have a higher risk. They often don’t grasp the danger of sharing their personal information. Here are a few things to teach your parents that might keep them safer. Why Do Thieves Prey on Aging Adults? Aging adults make easy marks. They are more vulnerable. Often
