As elder law attorneys, our firm focuses on matters that impact senior citizens. Our office is located in Mt. Clemens, so our central location allows us to serve people throughout the metropolitan area. It is certainly important to understand the eventualities of aging when you are planning your estate, but many people do not take the appropriate actions.
More and more people are being drawn into the elder law arena, because of an unusual demographic trend that has been shifting the landscape in our country for several years now. A very high number of babies were born during the postwar years between 1946 and 1964. These people are called the baby boomers.
If you do a little basic math with the knowledge that the age of full Social Security eligibility is between 66 and 67, you can see that these people are becoming seniors right now. There are 100,000 to 150,000 applications for Social Security submitted daily, and this is expected to go on for another 10 years or more.
This certainly puts elder law attorneys in great demand, and we are always available to help people in our area that have questions about relevant issues. One of them is elder financial abuse, which will be the focus of this piece.
Elder Financial Abuse
Caregivers, whether they are professional or family members, are going to be heavily relied upon by the seniors they are assisting. It is a terrible thing to consider, but many people see easy opportunities when they have access to things that belong to seniors that are not fully capable.
Of course, outright theft occurs, and elders can be convinced to write checks and buy things. While this is a very sad phenomenon to consider, these “crimes of opportunity” are committed far too often. Experts cannot fully understand the gravity of the situation, because about 80% of cases go completely unreported.
Why do people keep their abuse to themselves? A major reason is because they want to protect the caregiver or family member to preserve the access to care and/or keep them out of trouble. Plus, there are those that simply may not know that they are being abused, because they are no longer very proactive about reviewing their finances.
In addition to these crimes that are perpetrated by people that are known to the victims, there are also predators out there. Door-to-door scams, telephone-based rip-offs, and identity theft are not uncommon, and seniors are often firmly in the cross hairs of predators.
Elder financial abuse is a matter that you should discuss with a Mt. Clemens elder law attorney from our firm. There are steps that can be taken to add a layer of protection, and we can also provide assistance for people that are concerned about elder physical abuse as well.
Download Our Free Worksheet!
If you would like to learn more about important elder law and estate planning topics, download our specially prepared worksheet. It is being offered free of charge at the present time, and you can really gain an understanding of where you stand if you systematically go through it. Visit our worksheet download page to access your copy.
Attend an Upcoming Seminar!
We have a series of seminars on the schedule right now, and you can walk away with a treasure trove of useful information if you attend one of these sessions. There is never any admission charge for our seminars, because we want people to understand why and how they should protect their families in the ideal manner.
This being stated, we do ask that you register in advance, because space is limited. Visit our seminar schedule page and follow the simple instructions to register for the date that you would like to attend. We look forward to seeing you, and we can subsequently arrange a one-on-one consultation if you would like to move forward to the next step in the process.