Elder Abuse - Finanical

Narmatha's Thoughts http://narmathasthoughts.blogspot.com

 

Synopsis

Financial elder abuse warning signs

  • Caregivers or family members who isolate the senior or speak for the senior
  • Increased withdrawals or credit card charges
  • Access to the elder’s account in ways that doesn’t match their abilities, for example a homebound senior making ATM withdrawals 

Steps to protect against financial elder abuse:

  • Protect your parents’ sensitive financial information from identity theft by securing blank checks, bank and brokerage statements and credit cards if you have service providers in their home.
  • Shred incoming credit card applications and other unused financial documents.
  • Monitor your parent’s accounts for unusual activity
  • Discuss common financial scams with your parent.  The police department will have more information about scams that are going on in your local area.

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