How can I protect myself or a loved one from elder abuse and financial explotation?

Elder abuse and financial exploitation are serious issues that can have devastating consequences for older adults and their families. It is important to take steps to protect yourself or a loved one from these forms of abuse.

One of the most important steps in preventing elder abuse and financial exploitation is to be aware of the warning signs. Some common signs of elder abuse include unexplained injuries, changes in mood or behavior, and a sudden change in financial circumstances. Signs of financial exploitation may include unusual bank account activity, large withdrawals, and changes to legal documents. If you suspect that you or a loved one is being abused or exploited, it is important to report the abuse to the appropriate authorities. Depending on the circumstances, this may include contacting Adult Protective Services, the police, or the local long-term care ombudsman. An attorney who specializes in elder law can help you navigate this process, provide guidance on your rights and options and help you take the appropriate legal actions. Another important step in preventing elder abuse and financial exploitation is to put in place legal documents that will protect you in case you become incapacitated. These include powers of attorney, living wills, and healthcare proxies. These documents will ensure that your wishes will be followed and that you will be taken care of according to your wishes if you become unable to make decisions for yourself. An attorney who specializes in elder law can help you prepare these documents and ensure that they are legally valid.

A FEE-ONLY professional can help you understand changes in elder law and advise you on how to protect your legacy. The’s network of FEE-ONLY financial advisers, CPAs and attorneys can help you review your will to protect your legacy and achieve your wishes. Simply Click Here to connect with a FEE-ONLY professional. Alternatively, visit 1800ADVISER.COM to browse biographies of individual advisers and choose one or more to connect with. 

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