Aging and Money: Reducing Risk of Financial Exploitation and by Ronan M. Factora

By Ronan M. Factora

Increasingly, we pay attention of a growing number of elders falling sufferer to monetary exploitation. even though this way of elder abuse has been well-known for years, its prevalence, occurrence, and influence at the universal person has been in simple terms extra lately delivered to the highlight. regardless of those conditions, attractiveness of possibility elements and symptoms of economic exploitation aren't extensively disseminated. also, as soon as events are pointed out and faced, the information of what to do subsequent is missing. those gaps are current in the scientific neighborhood, law-enforcement, and the finance group – parts the place possibilities for popularity and intervention are universal. Our elders frequently don't know of what to do once they see their very own danger or after they fall sufferer. Aging and funds: decreasing danger of monetary Exploitation and preserving monetary assets helps clinicians to combine identity of such signs of abuse into their geriatric evaluation in addition to advisor them in acting an evaluate of an members’ monetary determination making ability while appropriate.

Aging and cash: lowering hazard of economic Exploitation and keeping monetary Resources is a necessary new textual content that offers the practising clinician with details on making a choice on possibility elements and scientific clues linked to monetary exploitation and the way to include those steps into their practice.

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Sample text

Some instances of elder financial abuse have elements of more than one type. The prototypical crime of occasion occurs when a family member or trusted friend exploits a senior relative who has recently become vulnerable by virtue of illness, loss, or isolation. The “occasion” of the victim’s vulnerability can create opportunities for would-be perpetrators in unusual ways. The story of one woman illustrates this. When 83-year-old Anna Mae Franklin discovered that her recently widowed brother, Arthur Cropsey (91), suffered from Alzheimer’s Disease, she immediately moved him into her home and helped him manage his finances using a power of attorney.

It is not uncommon for various cultural groups to feel that “outsiders should not be aware of their affairs,” making the concept of social welfare institutions as “alien,” and making it more difficult for practitioners to detect any problems [6]. Observation of behavioral changes may provide clues regarding the patient’s risk for abuse and potential impairment in making appropriate decisions [7]. Individuals working with immigrants should be familiar with risk factors for elder abuse in these cultures so as to recognize them more readily and intervene when necessary.

Violence Vict. 2011;26(6):738–57. 20. Metlife study of financial abuse: crimes of occasion, desperation, and predation against America’s elderly. June 2011; p. 1–25. pdf 21. Aceierno R. Prevalence and correlates of emotional, physical, sexual, and financial abuse and potential neglect in the United States: the national elder mistreatment study. Am J Public Health. 2010;100:202–97. 22. Christiansen MA. Unconscionable: financial exploitation of elderly persons with dementia. Marquette Elder’s Advisor.

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