A 90-year-old woman is a recent victim of elder abuse. The financial scammers hacked into the woman’s account and removed $20,000. Frequently, financial abuse scammers present themselves as technical support or service representatives who offer to resolve issues connected to compromised email or bank accounts or even the renewal of…
With more people approaching the age of 65, a growing number of people are considering the potential benefits available from Medicare as well as other insurance options. Medicare A plays the critical role of paying for hospital stays as well as other services like skilled nursing facilities and hospice care.…
The federal department tasked with overseeing nursing homes throughout the country recently announced it is revising its policy and will now publicly post details online about all fines received by care facilities regardless of payment status. This new policy’s announcements occur during a period of increased criticism due to the…
TWO SCHOOLS OF THOUGHT It is never an easy decision to make decisions for another person when it is the other person who has to live with the consequences of those decisions. That is doubly true when there is not any family relation or close ties that bind you. When you…
Elder financial exploitation is a nuanced term for a growing problem–the financial abuse of the elderly. Financial abuse of the elderly is a growing concern in today’s society. There are more senior citizens now than ever before and many of them are institutionalized or require help to get by in…
Legendary actor Mickey Rooney died earlier this month at the age of 93. Over the later course of his life, Rooney offered many important lessons related to elder law estate planning. For one thing, he was a vocal advocate against senior financial exploitation. In 2011 he testified before a U.S.…
Advances in brain research are shedding new light on how our minds function. This includes understanding how we process decisions related to finances as well as how our decision-making changes as we age. Taken together, the new knowledge offers an important affirmation of the need to guard against senior financial…
It is somewhat cliche to claim that a social problems is under-appreciated or misunderstood. But if any issue fits that bill, then it is senior financial exploitation. According to many reports of the problem, odds suggest that virtually all New Yorkers know someone who is affected by this problem–though the…
An 87-year old New York man slowly began showing signs of Alzheimer’s. A widower, without many close family members, the senior befriended many people around him. For example, he often used the same cab driver, and he and the younger man grew to know one another. Eventually, the senior’s cognitive…
Advice is often given about checking a senior relative’s bank statements frequently to identify potential theft. Large cash withdrawals, donations to strange charities, and similar red flags should be pursued. But sometimes elder financial exploitation is so bold, that victims–or their relatives–may not realize that they were mistreated. For example,…