Wednesday, July 20, 2011

Lots of changes happening at the state level. Our state government expanded the definition of financial exploitation of the elderly which was a good start. Training for individuals in the financial institutions, family members and facilities is paramount to preventing the exploitation of our senior citizens. It is very unfortunate when exploitation occurs and the ramifications for the senior involved is wide spread. This past week a news paper had a story where a gentleman was robbed of over 2 million dollars by a woman who promised marriage and companionship. Although the courts said she will pay the money back the reality is that probably will not happen as scamming elderly men was how she made her living. Keeping in contact and having frank discussions about financial matters with loved ones is the most effective means of protection against financial exploitation from crooks.

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