Every major news outlet runs stories from time to time about the latest scams. The news stories somehow don’t seem to penetrate the problem very well. A study by TrueLink tells us that over $36 billion is stolen from elders…
Blog Archives
Learn why we all need to protect our aging loved ones from “Financial Elder Abuse”
Carolyn Rosenblatt – The Boomer’s Guide to Aging Parents – interview – Goldstein on Gelt – Jan. 2015
Three Ways Families With Aging Parents Can Stay Out of Court
Do you get along with everyone in your family? Lots of people don’t. Old conflicts can rise up when aging parents start to decline in health and need help. When there is conflict in families, it can sometimes escalate to…
Who Is Competing For Your Aging Client’s Attention and Dollars?
Competition for clients has always been there, but as investors age, something you might not have anticipated can happen. The vultures are out there. Competition with you for their invested assets can become an increased threat when an older client’s judgment is compromised.…
The Worst Excuse For Not Protecting A Vulnerable Parent
This one shocked me. Here at AgingParents.com we’ve been hearing elder abuse tales for a long time, but I was stunned when I heard this. A family of 3 siblings has been worried about their widowed father, who lives alone…
Tax Scams and Your Aging Parents: Phone Scams Escalate During Tax Time
A new and fast moving telephone scam is targeting taxpayers across the country. The Fraud Watch Network sent out a press release detailing how thousands of victims have already lost more than $1million. Please caution your aging parents and others as…
A home care worker bilked a frail elder out of her life’s savings of $350,000.
Have you heard one of these true stories recently? A son ripped off his mother’s equity in her home to chase an investment scheme for himself that failed. Two ruthless swindlers were arrested in New York for tricking an elderly woman out…
How Financial Advisers Can Abuse Their Elderly Clients: Family Finances
Elder Financial Abuse Right Under Our Noses? Alice, my mother in law, is blessed with a great memory and pretty good health for a woman of 91. She works at it. She’s been a widow for 5 years now. When…
Elder Financial Abuse Under Our Noses?
This is unbelievable. Here we are, always trying to alert people to financial abuse and we think Mikol’s own mom, Alice, has been taken advantage of by her financial advisor! Alice is 91, is blessed with a great memory…
Beware of This Financial Advice About Aging Parents
Have you ever heard this? “Your dad paid taxes all his life. Let the government take care of him. He should get rid of his assets so he’ll qualify”. This may be considered “good” advice by some financial planners. Here’s why…
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- Natural Disasters and Aging Parents October 12, 2017Natural Disasters and Aging Parents Hurricanes, flooding, wildfires, and earthquakes have all struck families this year. Sometimes your aging parent or other loved one is displaced and adult children must suddenly take them in. If your family member was in…Read more ›Mikol Davis
- What To Do When Medicare Screws Up Your Aging Parent’s Bill August 21, 2017Most of our aging parents receive Medicare, which is supposed to pay “covered medical costs”. And for the most part, it does. But then there are the mistakes. Are your aging parents helpless when Medicare refuses to pay for something that…Read more ›Mikol Davis
- Nip A Predator’s Scheme In The Bud — Stop Your Aging Parent From Becoming Prey July 12, 2017Rhonda is a 91-year-old widow and lives independently. She has a few million in investments and has planned well for retirement. Her two sons are busy and leave her to make decisions about her money independently. What Rhonda’s sons didn’t…Read more ›Mikol Davis
- Intrusion or Just Being Safe? Monitoring Aging Parents’ Finances June 13, 2017For most adult children with aging parents, there is often the dilemma of whether or not they should be involved with monitoring their aging parents spending habits. You want to honor their independence, but what if they show signs of…Read more ›Mikol Davis
