How to Recognize Potential Elder Financial Abuse
As our population ages, and the economy worsens, the temptation of ‘caregivers’ and others to take financial advantage of vulnerable elders grows. Consider the case of ‘Love is a many splendored thing’ involving 89-year old Irv: Irv’s family was extremely surprised when they got a call from Irv, announcing that he had just married “my wife, Lynnette”. The problem was Lynnette was Irv’s 49 year old caregiver in whom the family had entrusted the care of Irv. Irv suffered from severe dementia and other physical and mental ailments, which made him extremely vulnerable to the undue influence of Lynnette.
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