There are many different types of financial scams out there. A Nigerian Prince emailing you about wanting to transfer money through your bank account is perhaps a cliché example, but it really just underscores how the Internet in particular has been used to perpetuate...
Financial Abuse
“Grandparent scammer” sentenced to 46 months
A man in California, who was running a so-called grandparent scam, has recently been sentenced. Due to allegations that he stole thousands of dollars directly from elderly people that he defrauded, he’s been sentenced to 46 months behind bars. The man is only 25 years...
3 warning signs of financial abuse in nursing homes
Elder abuse in the nursing home can happen in a number of ways. One of these is financial abuse. And just like other forms of nursing home abuse (physical and emotional), financial abuse can have far-reaching consequences. It is upsetting to imagine that someone...
Red flags: Adding a caretaker to a will
When someone makes an estate plan or writes a will, they can essentially choose anyone that they want to add to that will. It is true that most people choose beneficiaries who are friends, family members, or perhaps even charities or religious institutions. But there...
How to protect your aging parents from financial fraud
While scammers go after pretty much everyone, older people tend to be their favorite target. This is largely because older folks are generally more trusting, highly vulnerable and less likely to detect scams. While California, like most states, has put in place laws...
San Francisco elders can fall prey to romance scams
According to the FBI, perpetrators of so-called romance scams are targeting elders in the San Francisco region. Many California residents feel that elders are not susceptible to these scams because they are too old to attract would-be romancers. If you are an elder or...
Monthly reviews can help you catch financial abuse
When an older member of your family moves into a nursing home or asks someone to live with them as a caregiver, you expect that they will have adequate support. You also expect that the caregiver, whether they are a professional or a family member, will act in your...
What are the main sources of financial abuses among seniors?
Many elderly individuals will suffer from either physical impairments or cognitive declines at some point in their lives. These may leave them vulnerable to those who prey on the elderly for financial gain. Financial abuse can take on various forms and is often...
What financial abuse of an elder looks like
When you think about putting a loved one into a nursing home or having someone take over caring for them, one thing you need to be cautious of is financial abuse. Unlike physical, medical or mental abuse, financial abuse involves a situation where one party takes...
How undue influence and testamentary capacity relate
Seniors often unsuspectingly fall prey to fraud. Their fraudsters can take on many different shapes and forms, from overseas scammers who prey on their fears to those nearest and dearest to them who pretend to have their best interests at heart. This commonly occurs...