Let's Stop Elder Financial Abuse in Its Tracks
Elder financial abuse occurs when someone illegally or improperly uses a senior’s money, property, or assets. This abuse can come from family members, caregivers, or scammers posing as trustworthy individuals. Common signs include unexplained withdrawals from bank accounts, sudden changes in financial habits, missing valuables, and unauthorized changes to legal documents like wills or power of attorney.
Elder financial abuse is a serious issue that affects scores of older adults every year, leading to significant financial and emotional harm.
At Independence Navigator, we are committed to empowering seniors and their caregivers with the necessary knowledge and tools to combat this growing threat, yet preserve the agency and independence of those we care about.
This free workshop offers vital information and practical strategies to prevent financial exploitation.
Don’t miss this opportunity to learn easy-to-implement and inexpensive tricks and tips used by professional Daily Money Managers to protect yourself or your loved ones.
Financial Fortress: Guarding Against Elder Financial Abuse
The Financial Fortress methodology is a process by which you structure financial accounts and communications so that you can more easily monitor and, if something goes wrong, contain it. Learn what pieces and parts need to be in place, how to organize and separate communications, streamline monitoring, and give your loved ones the maximum amount of agency and independence using free or low-cost tools, yet be an effective deterrent and block to elder financial abuse. Your loved ones still have the reins as much as their capacity and interest permit. And, if in time you need to take over more, the system is in place to ensure a smooth transition while still maximizing the agency and independence their situation allows.
Video: Elder Financial Abuse Prevention Primer
This is a half-hour 50,000-foot view presentation I gave about this methodology (it just scratches the surface). Please view this video as it’ll make our session much more productive.
For additional resources and tips, be sure to read our blog post “5 Tips to Stop Elder Financial Abuse”, which outlines some key steps in combating elder financial abuse and safeguarding financial independence and dignity.
Don't Let Your Loved One Be a Victim of
Elder Financial Abuse
Please join our next Financial Fortress workshop.
The highlighted date on the calendar is the next session date. The time is always 6-7 pm Central (CST) unless otherwise noted.
Click on the date, select the time, and then use the form to register.
Please feel free to invite others, but space is limited.
Once registered, you’ll receive reminders leading up to the session.
I encourage you to watch the “Financial Fortress” YouTube video as a primer.
This Session Inconvenient?
Complete our Session Interest Form, and I’ll update you on the next session. You won’t be added to any other list nor will your information be shared with others.
I look forward to meeting with you.
Victim of Elder Financial Abuse?
First, Report the Abuse: Contact your local Adult Protective Services (APS) or law enforcement agency to report the abuse. They can initiate an investigation and provide immediate assistance.
Secure Your Finances: Change your bank account passwords and consider setting up fraud alerts; in fact, you may want to close and re-open your bank accounts, especially the ones you may have inadvertently given access. If you work with a financial advisor or wealth manager, let them know what is happening. If you’re at a loss and overwhelmed, you’re also welcome to reach out to me and I can provide some assistance and guidance through a complimentary consultation.
Seek Emotional Support: Experiencing financial abuse can be emotionally devastating. Reach out to support groups, counselors, or trusted friends and family members to help you cope with the emotional impact.