Elder abuse is a mounting concern. It can occur in the form of either negligence or intentional harm to someone age 65 or older. While there are laws in place to protect the senior members of our community, too often issues slip through the cracks because caregivers and family members don’t recognize the problem. If
Tax season is near. This gives scammers the perfect timing to take advantage of fresh victims. These opportunists are always looking for options to scam money out of anyone. Unfortunately, seniors tend to have the highest risk of falling into their traps; they simply don’t see the deception. The National Consumers League estimates that nearly
Even some of the most proactive loved ones can miss an incident of financial fraud or elder abuse involving an older family member. It’s not only important to create systems to protect the vulnerable; it’s also essential to watch for signs of abuse. Identifying the warning signs early can help avoid bigger issues in the
As the new year unfolds, consider these three safeguards that can help protect your family members more effectively throughout 2019: Improve Financial Systems: Financial fraud is a serious concern, especially when the family member has large sums of money in retirement and bank accounts. Avoid the risk of financial fraud by implementing a few security
Elder abuse occurs in many forms, with some types of abuse being more visible than others. If family members see bruises or unusual bank account activity, it’s easy to identify the possibility of abuse. On the other hand, elder isolation is a form of elder abuse that often goes unnoticed. What is Elder Isolation? Actions
There are abundant opportunities for scammers to obtain sensitive information: email, phone calls, letters, and more. Unfortunately, these criminals often target seniors because they tend to have a retirement account and are vulnerable to scams. Are you watching out adequately for your elderly family members to help them avoid the risk of financial fraud? Not
In a recent article, we wrote of the potential scam that starts with free lunch at a “Senior Seminar.” Today, we will provide another take on this topic, and that is, to help people learn about the legitimate meal options that are available for those in need. If you or someone you love is homebound
Financial abuse continuously threatens seniors nationwide. One of the newest scams designed to prey on vulnerable populations is the “free lunch for seniors” scam. Here’s how it works: Seniors are invited to a free lunch event offering them “ helpful” information and education, typically about retirement and their finances. Questionnaires are used to gather information
Professionals who interact with seniors or people with disabilities might, from time to time, suspect that abuse is occurring. However, it can be challenging to know how to handle this situation. Further, how does an individual know if they fall under the category of employee or volunteer considered a Mandatory Reporter? Are You a Mandated Reporter?
The “Senior Safe Act” was signed into law by President Trump in May of 2018. The relatively new law is part of a bigger bill that affects the way credit unions, community banks, and regional banks can report potential signs of financial fraud. It provides immunities that enable financial institutions to maintain bank privacy laws
