Elder financial abuse is a multibillion-dollar problem investinyou (In partnership with acorns.)
On the upside, there are ways to protect yourself, or someone you love, from financial abuse with a series of checks and balances, according to Jennifer VanderVeen, the president of the National Academy of Elder Law Attorneys.Advisors, accountants and other financial professionals can often be among theA power of attorney takes that a step further by giving someone else authority in financial matters., which makes them vulnerable to thieves, according to the survey from AIG.
"You want them to be able to pay bills and have fun, but you don't want to have someone be able to completely wipe them out."in accounts open to caregivers and set up alerts to warn of credit card charges and bank withdrawals.
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