In the second part of the two-part series on victim risk factors for elder financial abuse (see part one here), we look at other circumstances such as depression and loneliness, social isolation and substance abuse that are risk factors for somebody becoming a victim of financial exploitation. As mentioned before, the presence of these factors doesn’t necessarily […]
Victim Risk Factors For Elder Financial Abuse – Part 1
There are certain victim risk factors such as advanced age, female gender, cognitive or physical impairments, and language and communication issues, that all lend themselves to leaving someone open for financial exploitation. This doesn’t necessarily mean that everyone who has these factors is going to be a victim, it does however mean that these are […]
Financial Exploitation of Elders: The Two Basic Types
The financial exploitation of elders is a devastating problem. The annual losses in the United States is estimated to range in the billions of dollars. There is, however, quite a bit of divergence in the studies because it is a seriously underreported problem. There are two basic types of financial exploitation of elders. The first is stranger […]
Should I Let A Nursing Home Representative Complete My Medicaid Application?
The question of whether or not to let a nursing home representative complete your Medicaid application comes with an answer that depends on a few variables. In certain situations where you have spent down your life savings, you haven’t made any gifts or transfers of assets within the last five years, you aren’t trying to […]
Alzheimer’s, Family Member Caregivers, and Medicaid and VA Benefits
Government statistics show that literally hundreds of billions of dollars of uncompensated care is provided by family member caregivers to those with Alzheimer’s. This opens up a great planning opportunity for both Medicaid and VA benefits. It is possible to compensate family member caregivers and not have the payments count as gifts, if done correctly […]
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