The financial exploitation of elders is a devastating problem. The annual losses in the United States is estimated to range in the billions of dollars. There is, however, quite a bit of divergence in the studies because it is a seriously underreported problem.
Our purpose here, and with this video series, is to help educate people so that we can all play a role in identifying and limiting the instance of elder financial abuse.
The financial exploitation of elders is a devastating problem. The annual losses in the United States is estimated to range in the billions of dollars. There is, however, quite a bit of divergence in the studies because it is a seriously underreported problem. There are two basic types of financial exploitation of elders. The first is stranger […]
There are certain victim risk factors such as advanced age, female gender, cognitive or physical impairments, and language and communication issues, that all lend themselves to leaving someone open for financial exploitation. This doesn’t necessarily mean that everyone who has these factors is going to be a victim, it does however mean that these are […]
In the second part of the two-part series on victim risk factors for elder financial abuse (see part one here), we look at other circumstances such as depression and loneliness, social isolation and substance abuse that are risk factors for somebody becoming a victim of financial exploitation. As mentioned before, the presence of these factors doesn’t necessarily […]
There are financial record red flags that could alert you that someone is being a victim of financial exploitation. Does your loved one have unpaid bills, late charges, unusual amounts of cash or ATM withdrawals, charges for unusual items or other inconsistent findings in their financial records? If so, these could all be clues that […]
In this Elder Law Minute, Wes Coulson, Southern Illinois Elder Law attorney passes along five practical tips to seniors, or your senior loved ones, for keeping them from being victims of scams. ? How to Help Prevent Elders From Being Victims of Scams Transcript: Hi, I’m Wes Coulson and this is your Elder Law Minute. I want […]
In this Elder Law Minute, Wes Coulson, Southern Illinois Elder Law attorney discusses how well legal documents are drafted can actually make a significant difference in terms of preventing elder financial abuse. ? How Carefully-Drafted Legal Documents Can Help Prevent Elder Financial Abuse Transcript: Hi, I’m Wes Coulson from Coulson Elder Law servicing clients throughout the St. […]
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Coulson Elder Law is dedicated to providing families in the St. Louis area with their Elder Law needs. Our practice areas include Asset Preservation Planning, Veterans Benefits, Medicaid Eligibility, Alzheimer's Planning, Special Needs Planning, Estate Planning and more. We understand the financial challenges you may face as you and your loved ones grow older. At Coulson Elder Law, our clients' well-being is our number one priority. For immediate help, call (877)995-6876 or Contact Us and we will get in touch as soon as possible.