California is the perfect place for senior citizens to relax after retirement. Unfortunately, the diminished mental capacity of some elderly individuals is often preyed on by people with bad intentions. However, it's possible to prevent elder financial abuse. Set up a...
Many California residents hold elders in the highest respect. Sadly, older adults sometimes fall victim to different forms of abuse because of their vulnerability. Financial elder abuse is one of them. Understanding financial elder abuse Financial elder abuse is a...
Elder financial abuse is a growing concern in the United States, with millions of older Americans falling victim to scams, fraud and exploitation each year. While elder financial abuse in California can take many forms, it is a serious problem that can leave victims...
Manipulating or tricking an elder out of their money is financial abuse. Guardianships and trustees might embezzle, manipulate or fool elders, so loved ones may want to regularly check in to ensure nothing fishy is going on. Warning signs of financial elder abuse:...
Financial abuse of the elderly does not get the same attention as physical abuse, but yet it is a serious concern. Nothing is more heartbreaking than a child, financial advisor or caregiver taking advantage of an elderly person by manipulating the finances or through...
Most California residents think of elder abuse as physical abuse or neglect that occurs in nursing homes. However, financial abuse of an elderly person can also happen. It’s important to recognize the signs of this abuse at the hands of your loved one’s guardian or...
Older California residents can sometimes fall victim to elder financial abuse. Sadly, this type of fraud is often perpetrated by someone known by and close to the victim. What is elder financial abuse? Elder financial abuse is a crime that occurs when someone takes...
Older California residents should be aware of financial elder abuse by fiduciaries. Recognizing the signs is important. What is a fiduciary? For these purposes, a fiduciary is a trusted person who manages a person’s affairs when they are unable to do so themselves....
In California, one type of elder abuse that sometimes occurs is financial exploitation. In some cases, older adults are exploited by conservators who have been appointed by courts to protect their wards but instead take advantage of them. It is important for family...
When an adult is unable to look after their finances due to dementia or other health reasons, a trustee or conservator is often chosen to manage their money and assets on their behalf. Aging adults often establish trusts for this reason, giving control of their...