Taking advantage of vulnerable people is not a new problem, but it has become a growing problem with the elderly as baby-boomers turn 65 in larger numbers than we’ve seen before. The Institute of Gerontology at Wayne State University is hard at work developing an assessment process that professionals who work with senior citizens can use to measure which seniors are most at risk. In the meantime, understanding how and why elderly adults become victims of financial exploitation, staying alert to the signs of exploitation, and knowing the profile for a typical perpetrator can help care-takers as they care for older adults.
Here’s a link to an article on the subject and a powerful documentary called Last Will and Embezzlement that goes a long way to helping us prevent it.
(Article) From USA Today/Detroit Free Press http://www.usatoday.com/story/money/personalfinance/2013/09/23/financial-elder-abuse-documentary/2851249/
(Website for the documentary) http://www.lastwillandembezzlement.com
This blog is written by Bridget-Michaele Reischl, Attorney DECORO LAW OFFICE, PLLC www.decorolaw.com