Articles Posted in Elder Abuse

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53074761_sScam artists have been preying on our clients and have been trying their fraud schemes on us.  Scammers use phone calls, emails and letters trying to get your money and personal information.  Some scammers pretend to be a relative or friend in desperate need of money while traveling outside the U.S.  Other scammers offer you a irresistible deal – you’ve won a prize or inherited some money, and you can collect it but only after you send a “small” fee.  Still other scammers claim to be the IRS and threaten jail or huge tax fines, or bait you with an unexpected refund.  If you have a tax problem, the IRS will first send you a letter or tax bill by mail; the IRS never contacts you by phone or email.  Most scammers claim you must act immediately, often by sending money, and tell you not to tell anyone else.  If scammers make you feel afraid or pressured, they know you’re less likely to see through their scams.

Here are some tips  to protect yourself:

·       DON’T give out your social security number or birth date to anyone you don’t know
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It is a sad fact that elderly adults can fall victim to abuse, often at the hands of a family member or trusted friend or employee. The California State Bar estimates that one in seven seniors suffer some form of physical, financial, or psychological abuse.

Some common forms of financial elder abuse include:

Misuse of a Durable Power of Attorney: a person convinces a senior to sign a power of attorney, then uses that document to withdraw money from that person’s bank or brokerage accounts or to open fradulent credit cards in that senior’s name.