“Financial abuse against the elderly most often committed by those closest to them,” by Bruce Kelly, InvestmentNews

Quote:

“While 68% of older investors believe that a stranger would be the likely perpetrator of financial exploitation against them, the reality is starkly different, according to Wells Fargo & Co., which released the results of its elder needs survey on Tuesday morning. Two-thirds of financial crimes against the elderly are committed by those who are closest to the victims, the survey found.”

LTC Comment (from Stephen A. Moses, Administrative Coordinator, Center for Long-Term Care Reform):

Heirs impoverishing parents to qualify them for Medicaid and protect the inheritance from LTC costs are among the worst abusers

Financial abuse against the elderly most often committed by those closest to them

#elderly
#goldencareagent