Elder Financial Exploitation
Don't Become A Victim
Often the elderly fall victim to scam artists who develop a “trusted” relationship with them. Common abusive practices include money or property taken without consent, forgery, misuse or theft of identity, fraudulently obtained “powers of attorney”, and coercion to sign over assets through fraudulent deeds and wills. Your best defense to help protect your loved ones is to communicate with them regularly, ask questions about new friends or acquaintances, and let them know you are looking out for their best interests. They may become annoyed with your questions, but you may save them money and assets by doing so. Be on the look out for in-home caregivers or repair workers going door-to-door.