We have talked in this space before about making sure that you know what your family members’ estate plans consist of. It helps after your family members pass away. It helps take care of things when they are alive. There is one way that it helps that we have not talked about very much, however. It helps to prevent elder abuse.
Too many people in this country have the same get rich quick scheme. It revolves around tricking an elderly person into giving the schemer the better part of his or her assets. The schemer befriends the elderly person and pretends to care about them. Then, the schemer starts talking about making sure that the elderly person’s finances are all in order. Before long, the elderly person is presented with documents by their “friend,” the schemer.
Make sure this does not happen to your loved ones. Talk to them about their plans. Do so often. If you notice any changes or a newfound reluctance to talk about the plans, then ask about what is going on. Ask about the changes and make sure that your elderly relative is not being abused. Talk to an attorney if you do suspect abuse. The attorney can help you put a stop to it.
- My Parent/Spouse Shows Early Signs of Dementia. Can We Still Do Medicaid Planning? - July 20, 2015
- What Happens to a Living Trust When One Spouse Dies? - July 13, 2015
- Medicaid Spousal Impoverishment Rules - July 7, 2015