An elder law lawyer assists people who are concerned about legal matters that are relevant to senior citizens. There are various different pressing issues on the table at the present time, and elder financial abuse is one of them.
Elder abuse has become a huge problem
This is a problem that is a source of great concern within the elder law community. It is difficult to evaluate the full extent of the losses because a significant percentage of cases of elder financial abuse go unreported. Many cases of elder financial abuse are never reported because the perpetrator is often someone that the victim knows.
Many cases of elder abuse go unreported
The victim does not report the abuse because he or she is afraid of losing the care that the perpetrator is providing. In addition to the fear factor, the victim may not want to turn in the perpetrator because the abuser is a family member. The victim does not want to get the relative in trouble with the law.
There are also cases that go unreported because the victims simply do not know that they are being financially abused. When someone else has access to your home and your personal belongings, you may not be aware of everything that is going on
The many faces of elder financial abuse
There are cases when a caregiver is the abuser, but elder financial abuse can take many different forms. For example, there are swindlers and con artists out there, and they sometimes see elders as easy marks. There are door-to-door scams, and there are also telephone scams that can come into play. Elders can sometimes be lonely, and many lonely seniors welcome interactions. The attention that is given can be appealing, but in the end, it can be quite costly.
These days, most of us are on the Internet, and this includes senior citizens. This has opened another window of opportunity for unscrupulous types. Most of us are aware of the fact that identity theft is a big problem, and seniors are often victimized. In many cases, they own property, and they have good credit, so they are prime targets for identity thieves.
Other forms of elder abuse
Without question, elder financial abuse is a huge problem in the United States at the present time. To compound matters, this is not the only form of abuse that is perpetrated upon people who have reached an advanced age. Many seniors ultimately reside in nursing homes, and though many homes provide safe, quality care, there are cases of abuse that are reported. Physical abuse can take place, and there are instances of emotional abuse. As horrible as it sounds, sexual abuse can also enter the picture.
These forms of abuse can manifest themselves in nursing homes, but they are not confined to this milieu. Sadly, seniors are sometimes abused in their own homes. Once again, many cases are never reported because the victims are afraid for themselves, and some of them also protect the perpetrators.
Protecting assets is an important goal
When it comes to nursing homes, asset protection is another factor to take into consideration. Medicare does not pay for nursing home care, and it is extremely expensive. A single year in a nursing home will come with a six-figure bill, and people often spend multiple years receiving nursing home care. Most seniors will need living assistance of some kind, so potential long-term care expenses are relevant to all of us.
Medicaid does pay for long-term care, and many people take steps that lead to Medicaid eligibility to protect their assets for the benefit of their loved ones. This takes careful and informed planning if you want to obtain eligibility at the ideal time because the program eligibility parameters are complex.
Why you need proactive planning with the help of an elder law lawyer
We have provided some basic food for thought in this blog post, but you can get all of the facts if you seek out professional counsel. Our firm can help if you would like to prepare yourself for your twilight years. There are legal steps that you can take to protect yourself, and our elder law lawyer can explain your options to you.
We understand the fact that you are discussing very sensitive matters when you consult with a Scarsdale elder law attorney. This is a dynamic that we take to heart, and we do everything possible to make our clients feel comfortable from the start. If you decide to go forward, we can help you devise a plan that is right for you and your family.
If you have questions regarding elder abuse or any other elder law matters, please contact the experienced attorneys at the Law Offices of Mary A. Miller, P.C. for a consultation. You can contact us either online or by calling us at (914) 939-6565. We are here to help!