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‘Seniors: Avoiding Financial Exploitation’

Risk Factors — What to Look For

Do you suspect that your friend or family member is being exploited? Here are some things to look for:

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How to Avoid Financial Exploitation

Concerned that you may be vulnerable to fraud? Here are some ways you can protect yourself:

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Defining Elder Exploitation

Elder exploitation takes place when a person in a position of trust takes advantage of a vulnerable elder to gain control of their money or property.  This can occur directly, or indirectly through a power of attorney, a trust, marriage, adoption, or inheritance. The elder need not be incapacitated. Fraud can come from multiple sources:  friends and family, new “best friends,” “thieving caregivers,” and religious con artists.  Unfortunately, family members are often the source of financial abuse of their elderly relatives.

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Seniors: Avoiding Financial Exploitation
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