Our educational series on preventing Elder Fraud

Cambridge Trust

February 26, 2021

Insights

Preventing Elder Financial Abuse

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Studies show that financial fraud is one of the most common forms of abuse amongst the elderly—some are even calling it a public health crisis.

Information may lead to prevention. The first step is to understand how seniors are targeted and what steps you can take to prevent fraud from happening to you or your loved ones.

Reporting Elder Financial Abuse

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Elder financial abuse has been called a crisis and an epidemic, yet far too many incidents go unreported.

Knowing what to do if you suspect elder financial abuse may help save you and your loved one from unnecessary stress.

Planning for a Financial Caregiver

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Over half of the people currently receiving assistance with financial care are not aware of having any financial plan in place beforehand.

Planning ahead may reduce some of the stress of financial caregiving and ensure that the recipient’s wishes are honored.

Expectations of a Financial Caregiver

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Nearly 44 million Americans act as a caregiver to a loved one or friend each year.

It’s important that financial caregivers understand the expectations, duties, and demands of the position, so that they can provide the best care for their loved ones.

Becoming a Financial Caregiver

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Being a financial caregiver brings satisfaction and fulfillment to many people, but the role requires planning and forethought.

Learn more about becoming a financial caregiver, so that you and your loved ones are better prepared for the responsibilities ahead.