Elder fraud is an immense, complicated, and imposing problem, with implications for every aspect of a person's estate, financial, health care, and long term care plan. Effective aging in place planning and post retirement financial planning must include consideration of these risks. It is tragic that criminals take billions from the elderly using telecommunications and the internet, both tools necessary for communication.
There is an excellent Bloomberg article describing how criminals prey upon the elderly, which article you can find here.
Published December 7, 2018 in the Aging in Place Planning and Elderlaw Blog. This article is general information, not legal advice; see our disclaimer.