By Bill Rodenspiel, Abuse Specialist
Below are some simple questions that an ombudsman or concerned individual might ask to determine if an elder is at risk for financial abuse:
1. Who manages your money day to day? How is that going?
Do you run out of money at the end of the month?
Do you regret or worry about financial decisions you’ve recently made?
Have you given power of attorney to another person?
Do you have a will? Has anyone asked you to change it?
2. Are you having any of the following common concerns:
Do you have trouble paying bills because the bills are confusing me?
Are you confident making big financial decisions alone?
Do you understand financial decisions that someone else is making for me?
Do you give loans or gifts more than you can really afford?
Are your children or others pressuring you to give them money or change your will?
Are people calling or mailing you asking for money, lotteries, etc
Is someone accessing your accounts or money seems to be disappearing?
These simple questions and the answers given to them, can indicate Elder Financial abuse might be occurring. Your concern and follow up can make all the difference in stopping Financial Elder Abuse.