By R. Craig Harrison | Published January 26, 2015 | Posted in Elder Abuse | Tagged Tags: elder financial abuse, financial exploitation, grandparent scams | Leave a comment
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Seniors Should be Wary of “Grandparent Scams”
Sadly, many people believe that seniors are easy targets for financial exploitation. In a survey taken by Allianz Life Insurance Co. of 2,000 adults, the senior participants reported losing an average of $30,000, while some reported losing more than $100,000. The most common financial scam against seniors is something called “grandparent scams.” In a grandparent Read More
Read MoreElder Financial Abuse Is a Major Problem that Can Be Reduced through Vigilance and Planning
Concerns about physical abuse and neglect are a primary reason that many people choose in-home care for their elderly loved ones. Unfortunately, even recipients of in-home care can still experience forms of abuse — and financial abuse may be most prevalent in these situations. By setting up an effective estate plan in your younger years, Read More
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