Protecting Family: Warning Signs of Elder Financial Abuse

Elder financial abuse is a growing threat. Here are some key warning signs: Sudden Spending Changes: Frugal behavior turns into big purchases. New "Friends" with Financial Influence: Beware of unfamiliar people influencing financial decisions. Unexplained Bank Activity: Missing funds, mysterious transactions, or discrepancies in statements. Be a Watchful Guardian: Monitor Statements: Stay informed about their financial activity, a crucial step in preventing elder financial abuse. Open Communication: Talk openly about finances with your loved ones to identify potential warning signs of abuse. Early Diagnosis: Early detection of cognitive decline can help safeguard assets against financial exploitation. Join us as we explore ways to protect your loved ones from this financial abuse. Here are 10 key sections from the transcript with start times: 0:16:29 - Discovering the Fraud 0:23:11 - Changing Laws and Awareness 0:29:20 - Continuing Money & Financial Abuses 0:36:16 - Abandonment and Loneliness 0:41:4 - Importance of Early Diagnosis 0:48:7 - Justification of Abuse 0:54:21 - A Movie-Worthy Tale 1:13:33 - The Cleaning Lady's Theft 1:17:29 - Forced Sale of Home ++++++++++++++++++++++++++++++++++++++++ Related episodes: Talking Money: Cameron Huddleston's Expert Insights on Parental Finances Beyond Safekeeping: Unlocking the Secrets to Shielding Loved Ones' Assets ++++++++++++++++++++++++++++++++++++++++ Sign Up for more Advice & Wisdom - email newsletter. ++++++++++++++++++++++++++++++++++++++++ Please help us keep our show going by supporting our sponsors. Thank you. Stop 100% of Unwanted Calls with imp. Did you know people with Alzheimer's can receive nearly 200 spam calls a week? You can put a stop to those now. ++++++++++++++++++++++++++++++++++++++++ Relevate from NeuroReserve Make Your Brain Span Match Your LifeSpan With Relevate nutritional supplement, you get science-backed nutrition to help protect your brain power today and for years to come. You deserve a brain span that lasts as long as your lifespan. ++++++++++++++++++++++++++++++++++++++++ Join Fading Memories On Social Media! If you've enjoyed this episode, please share this podcast with other caregivers! You'll find us on social media at the following links. Instagram Twitter LinkedIn  Facebook Contact Jen at hello@fadingmemoriespodcast.com