Identifying and Preventing Financial Elder Abuse


Michael LazarContributor,

Taking care of our elders is something that we take pride in as the children of the parents and relatives who helped rear us. Tragically, instances of financial elder abuse take place all of the time, with many going unreported and unnoticed to the general public, and to the people who care for them the most: their immediate family.
Financial elder abuse is growing at an alarming rate, and often results in unrepairable financial damage that can alter the livelihood of those affected. There are veritable methods that can be taken to spot and identify these signs of elder abuse, however, and to ultimately hold those who are responsible accountable.
June 15th, 2016, marks World Elder Abuse Awareness Day. The NRMLA and the National Aging in Place Council are teaming up to offer a free online tutorial that will be available to professionals in this arena who are currently working with older Americans. The goal is to help prevent elder abuse through education. By learning what signs to look for, you can help make a big difference and create positive change together.
The webinar is slated to take place on June 15th at 3pm Eastern Time, and is entitled:Strategies for Keeping Older Adults Safe From Financial Predators.
Leading the webinar will be the NRMLA Education Committee member and Vice President of Learning and Development at Finance of America Reverse Mortgage, Lorraine Geraci.
Elder Abuse At An All-Time High
The most recent statistics on Elder abuse reveal some shocking facts. Annually, over five million American citizens experience elder abuse, according to the National Center on Elder Abuse fact sheet. Many are victims of scams and fraud for money, resulting in an estimated $2.6 billion in losses each year.
Preventing elder abuse from occurring is a primary goal for all caregivers and immediate family members. To help bring about awareness and change, you can sign up to attend this free webinar event by registering here.
Those who attend the course will earn 1 CRMP credit, and can apply it towards a continuing education credit within three years of taking the course.
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