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 […]
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 […]
Victim Risk Factors For Elder Financial Abuse – Part 2
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 […]
Financial Record Red Flags For Possible Elder Financial Abuse
There are financial record red flags that could alert you that someone is being a victim of financial exploitation. Does your loved one have unpaid bills, late charges, unusual amounts of cash or ATM withdrawals, charges for unusual items or other inconsistent findings in their financial records? If so, these could all be clues that […]
How to Help Prevent Elders From Being Victims of Scams
In this Elder Law Minute, Wes Coulson, Southern Illinois Elder Law attorney passes along five practical tips to seniors, or your senior loved ones, for keeping them from being victims of scams. ? How to Help Prevent Elders From Being Victims of Scams Transcript: Hi, I’m Wes Coulson and this is your Elder Law Minute. I want […]
How Carefully-Drafted Legal Documents Can Help Prevent Elder Financial Abuse
In this Elder Law Minute, Wes Coulson, Southern Illinois Elder Law attorney discusses how well legal documents are drafted can actually make a significant difference in terms of preventing elder financial abuse. ? How Carefully-Drafted Legal Documents Can Help Prevent Elder Financial Abuse Transcript: Hi, I’m Wes Coulson from Dent-Coulson Elder Law servicing clients throughout the St. […]
