Aging and Money: Reducing Risk of Financial Exploitation and by Ronan M. Factora

By Ronan M. Factora

Increasingly, we pay attention of an increasing number of elders falling sufferer to monetary exploitation. even if this kind of elder abuse has been famous for years, its prevalence, incidence, and effect at the universal person has been purely extra lately delivered to the highlight. regardless of those conditions, acceptance of danger elements and signs of economic exploitation are usually not largely disseminated. also, as soon as occasions are pointed out and faced, the information of what to do subsequent is missing. those gaps are current in the clinical neighborhood, law-enforcement, and the finance neighborhood – parts the place possibilities for popularity and intervention are universal. Our elders usually don't know of what to do after they see their very own hazard or once they fall sufferer. Aging and funds: decreasing danger of monetary Exploitation and preserving monetary assets helps clinicians to combine identity of such symptoms of abuse into their geriatric overview in addition to consultant them in appearing an evaluate of an contributors’ monetary determination making potential while appropriate.

Aging and cash: decreasing possibility of monetary Exploitation and keeping monetary Resources is an important new textual content that offers the working towards clinician with info on deciding on probability components and scientific clues linked to monetary exploitation and the way to include those steps into their practice.

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Sample text

The story of one woman illustrates this. When 83-year-old Anna Mae Franklin discovered that her recently widowed brother, Arthur Cropsey (91), suffered from Alzheimer’s Disease, she immediately moved him into her home and helped him manage his finances using a power of attorney. Unbeknownst to her, she created an opportunity for financial abuse. She discovered that her daughter had been spending large amounts of his money. She took the painful step of reporting her daughter, who was subsequently court ordered to pay back $40,000 [12].

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The “occasion” of the victim’s vulnerability can create opportunities for would-be perpetrators in unusual ways. The story of one woman illustrates this. When 83-year-old Anna Mae Franklin discovered that her recently widowed brother, Arthur Cropsey (91), suffered from Alzheimer’s Disease, she immediately moved him into her home and helped him manage his finances using a power of attorney. Unbeknownst to her, she created an opportunity for financial abuse. She discovered that her daughter had been spending large amounts of his money.

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