264 – Financial Elder Abuse – How To Avoid the Pitfalls.

264 - Financial Elder Abuse - How To Avoid the Pitfalls. Alzheimer's Caregivers 52:57

Candace Delacona, Elder Law Attorney

Today we’re talking about how to avoid the pitfalls of elder financial abuse. Elder financial abuse is a growing problem that can have devastating effects on the lives of seniors. Do you know the warning signs? These can include sudden changes in their financial situation, such as unexplained withdrawals or transfers of funds, a sudden decrease in their standard of living, or unpaid bills despite having sufficient funds.

Other warning signs may include a new Caregiver or family member who seems to be isolating the senior from friends and family or who has taken control of their finances. Seniors who seem afraid or reluctant to speak openly about their finances may also be experiencing financial abuse.

Taking action is crucial if you suspect a senior is being abused financially. This may involve contacting adult protective services, speaking with an elder law attorney, or involving law enforcement. By being aware of the warning signs of elder financial abuse and taking action when necessary, we can help protect seniors from exploitation and safeguard their financial security.

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Jennifer Fink Podcaster

After helping care for her grandmother who had vascular dementia, Jennifer realized her Mother was showing signs of early onset Alzheimer’s. After the death of her father in 2017 Jennifer went searching for answers to many of the common questions and Alzheimer’s caregiver faces. Being a busy entrepreneur Jennifer realized that a podcast would be the easiest way to learn more about caregiving while completing other tasks.

Sadly, in late 2017 she only found one and it didn’t quite address what she was looking for, so she did the next best thing, and started her own. The Fading Memories podcast is now in it’s fourth year and despite the death of her Mom in March 2020, Jennifer is still talking to caregivers and still learning how to be an excellent caregiver. On the podcast she discusses caregiving, brain health, self-care and how to age well.