Banks across the country are training their employees on red flags in bank account activity that would suggest exploitation of an elderly person's finances. Some of the red flags include a change in the method of bank activity and a new signature on cards and deposit slips. Sometimes, this training is implemented as a part of Elder Abuse Awareness Month. We hope that all banks in our state will follow suit and provide training for its employees to protect against financial elder abuse!
This post is a version of a story we originally brought to your attention several years ago, but is, unfortunately, still very relevant today. Please read this article to learn more about advocating for the rights of our state's senior population!
Seniors beware! Some areas of the country are reporting an increase of the number of scams, especially now that the warmer months are upon us. Seniors are unfortunately one of the most susceptible groups for these scammers to target. Most recently, there have been reports of funeral cons, exploiting grandchildren, and home improvement scams. To read more about these issues, please click on this link to the Investopedia.com article.
In the Harrisburg area, a lead detective has been commissioned whose sole job is to investigate elder abuse cases. The new detective was formerly a police officer in State College and also supervised the area's Department of Aging. Dauphin County has an excellent reputation across the state for their Elder Abuse Task Force, in which there were 450 reported elder abuse cases last year. This represents over a 150% increase in reports over the past ten years.
Not only do personal injury attorneys look out for the best interest of their elderly clients in the case of potential elder abuse, other professions do as well. According to a recent press release by the Financial Advisor magazine, a financial advisory firm has developed a guide that assists financial advisors who are challenged by situations of both elderly clients with diminished cognitive abilities and those who may be a victim of elder financial abuse. The guide, called "Working with Clients Displaying Diminished Capacity and Recognizing Elder Financial Abuse Guide", is published by Securities America. Interestingly, the guide has come about as a result of real-life situations in which financial advisors were involved in these elder abuse scenarios and were unsure of how to proceed. The guide, which appears to be a very practical resources, has a wealth of information including signs that could suggest an elderly client's diminished cognitive ability, as well as how to identify elder financial abuse and what steps to take afterwards. Personal injury lawyers often litigate cases for elderly victims and their relatives in cases in which sexual, physical, financial, emotional, and/or sexual abuse has occurred. The continued awareness of occurrences of elder abuse in America, as well as to how to recognize and prevent such instances, is critical to protect our nation's aging population.