Estate Planning Isn’t Just For The Elderly

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3 tips for protecting your family from elder abuse and scams

On Behalf of | May 26, 2022 | Elder Law

It is no big secret that the elderly are targets for both caregiver and financial abuse. In fact, according to statistics, the aging population loses more than $3 billion annually to swindlers.

Here are three tips to help keep you and your family safe from those with malicious intentions for senior citizens.

1. Discuss the risks

One of the easiest ways to prevent your loved ones from becoming victims of a scam is to discuss the risks. Unfortunately, seniors are prime marks for charlatans seeking to drain their bank accounts. Talk with your family about sharing personal information such as full name, address and banking details with anyone other than immediate family. Additionally, keep a close watch on your loved one’s bank statements. Discuss any irregularities swiftly.

2. Stay engaged

Staying engaged in your older family member’s care can make a difference in whether or not they become a target for any type of abuse. Visit the facility your loved one lives in as often as possible so that you can spot signs of neglect or abuse such as:

  • An unkempt appearance
  • Significant weight loss
  • Quick changes in demeanor
  • Bruises or marks on the body

3. Take action promptly

Sometimes despite your best efforts, senior citizens become the victims of elder abuse or financial scams. If this occurs, take fast action to protect your family member going forward. This could mean disputing credit card charges, notifying a bank of fraud or moving your loved one to a new care facility.

Do your best to stay one step ahead of abusers and scammers using the tips above.