A very important California law designed to protect vulnerable elders and disabled adults is silently coming under attack by a proposed Federal bill (H.R. 1215), and no one knows.
According to a new study by caring.com, only 42 percent of U.S. adults currently have estate planning documents such as a will or trust. For those with children under the age of 18, the figure is even lower, with just 36 percent having a plan in place.
The public interest journalism website ProPublica has been reporting on a growing trend of disturbing social media abuse of elders in nursing homes.
Amongst the many New Years wishes of a productive and happy year, this inspiring video found its way onto my facebook newstream. It will surely bring a smile to your face, and is a perfect reminder of the spirit that lives on inside as we age:
We have all heard that elders are susceptible to financial scams over the telephone, but often it is hard for a younger person to understand how someone falls for a scam from a stranger. The November, 2015 issue of Consumer Reports breaks down how a telephone scam works, in addition to other informative articles on elder financial abuse. The article "Anatomy of a Swindle" explains how the Jamaica Lottery scam targets and exploits its elderly victims by phone. The process is likely similar in other phone scams where elders are told they won something, but have to pay to get it. Click here to read the article: http://www.consumerreports.org/cro/consumer-protection/anatomy-of-a-swindle
As our parents age, we often look to third parties or other family members to assist them in their financial management and daily care. Our parents can become susceptible to the suddenly attentive neighbor or "friend," or even a relative, taking an inappropriate interest in the elder's affairs. Sometimes, out of pride or shame, an elder will be reticent to admit to anyone that they may have made a mistake trusting someone they shouldn't have.