Navigating the Elder Care Universe
For some families, the golden years are turning nightmarish, thanks to state laws that some nursing homes are using to try to gain guardianship – and financial control – of their older patients. For more details, go to my blog: Nursing Homes Use Gardianship as Tool to Profit.
In an article from Sunday’s New York Times Opinion Section (12/8/19), the reporter discusses how his very patriotic 88 year old grandmother was defrauded and lost her life savings. She believed that she was helping the government stop a multi-million dollar international money laundering scheme.
We all have to be vigilant in protecting our family and clients’ assets from all sorts of scams.
https://www.nytimes.com/2019/12/07/opinion/sunday/china-bank-scam-grandmother.html
Thank you to all who attended last Wednesday’s Orion NYC Elder Care meeting on Financial Abuse.
Perry A. Shulman, CPA
Chairman, Orion Eliminate Elder Abuse and Neglect Commitment Committee
Use the URL below to retrieve this article from the Financial Advisor publication. Quite interesting.
Perry A. Shulman, CPA
Chair, Orion Elder Abuse Advocacy Committee
How Criminals Steal $37 Billion A Year from America’s Elderly
Financial Advisor Magazine created exclusively for advisors by highly experienced editorial and publishing teams. We provide an interactive community for the Financial Advisor, Investment Advisor, Financial Planner, Financial Planning, RIA, Retirement Planning, ETFs, Alternative Investments, Investment News, Broker-Dealer, CFP, Wealth Manager. Financial Advisor magazine produces the Alternative Investment Strategies, Retirement Strategies, and Fiduciary Gatekeeper conferences.
The theme of this article appearing in the February 2018 edition of the AARP Magazine is that in many cases, the people one knows best are most likely to cheat or swindle them. Click below to retrieve the article: https://www.aarp.org/money/scams-fraud/info-2018/family-fraud.html
Submitted by Perry A. Shulman, CPA Chair, Elder Abuse Focus Committee March 12, 2018
