Protect your family from elder financial abuse

Posted by Cedars on September 22, 2017

Safeguarding a loved one.

Since elder financial abuse is correlated highly with isolation, one way you can prevent the possibility of it happening is to make sure an elderly relative has regular social interactions and outings.

Spotting the signs.

  • Changes in an elderly person’s typical spending patterns.
  • Transferring assets to a new “friend” assisting with finances.
  • Excessive reimbursements to caregivers, friends or family members.
  • New authorized signers on an elderly person’s bank.
  • Unexplained changes in an elder’s bank or attorney.

www.eldercare.gov for more information.