061. Elder Abuse and Fraud Is On The Rise, Here's How To Protect Seniors In Your Life
10/22/21 • 17 min
Discussing personal finances isn’t something that we do much in our society. However, there comes a time where it may help our loved ones if we step in to protect their finances - not only because of dementia, but also due to elder abuse.
The topic of financial abuse in the senior population may not be fun, but it’s important to be aware of. After all, no one wants to be in that situation, so it’s critical to recognize the signs. Plus, it also opens up a larger discussion about how to approach helping them with finances so they don’t get into bad situations.
You’ll learn:
What to look out for when you’re with senior family members
Tips for helping your family member manage finances (and when to step in)
The important documents you’ll need in case of an emergency
Takeaways from this episode
With financial abuse, you might notice changes in your loved ones’ will or mortgage, new lines of credit, unusual requests and sizable donations.
Senior Services Expert Lori Williams has seen an uptick in elder scams since COVID, mostly due to loneliness and isolation.
It’s better to have the difficult discussion about your loved one’s finances before dementia, health issues and scams enter the picture. The sooner you discuss it, the better.
-You must step in if you suspect dementia and if your loved ones are getting confused about their accounts.
Include your loved ones in decision-making, be respectful, and let them know you’re just there to help.
Resources mentioned in this episode:
039. Getting Organized! Creating a Binder Of Essential Documents:
044. How seniors can protect themselves against identity theft and online scams:
048. Understanding Power of Attorney, Living Will and Other Legal Terminology
To suggest a topic, be a guest or to support the podcast, please email [email protected]
For more senior resources and to sign up to the newsletter, please visit:
https://www.facebook.com/LoriWilliamsSeniorServices/
https://www.instagram.com/theloriwilliams/
https://www.linkedin.com/in/theloriwilliams/
https://loriwilliams-seniorservices.com/aging-in-style-podcast/
Topics discussed:
-Senior finances
-Elder / financial abuse
-Conversations about finances with family
-Legal documents
-Power of attorney
-Having difficult discussions
-Dementia
Discussing personal finances isn’t something that we do much in our society. However, there comes a time where it may help our loved ones if we step in to protect their finances - not only because of dementia, but also due to elder abuse.
The topic of financial abuse in the senior population may not be fun, but it’s important to be aware of. After all, no one wants to be in that situation, so it’s critical to recognize the signs. Plus, it also opens up a larger discussion about how to approach helping them with finances so they don’t get into bad situations.
You’ll learn:
What to look out for when you’re with senior family members
Tips for helping your family member manage finances (and when to step in)
The important documents you’ll need in case of an emergency
Takeaways from this episode
With financial abuse, you might notice changes in your loved ones’ will or mortgage, new lines of credit, unusual requests and sizable donations.
Senior Services Expert Lori Williams has seen an uptick in elder scams since COVID, mostly due to loneliness and isolation.
It’s better to have the difficult discussion about your loved one’s finances before dementia, health issues and scams enter the picture. The sooner you discuss it, the better.
-You must step in if you suspect dementia and if your loved ones are getting confused about their accounts.
Include your loved ones in decision-making, be respectful, and let them know you’re just there to help.
Resources mentioned in this episode:
039. Getting Organized! Creating a Binder Of Essential Documents:
044. How seniors can protect themselves against identity theft and online scams:
048. Understanding Power of Attorney, Living Will and Other Legal Terminology
To suggest a topic, be a guest or to support the podcast, please email [email protected]
For more senior resources and to sign up to the newsletter, please visit:
https://www.facebook.com/LoriWilliamsSeniorServices/
https://www.instagram.com/theloriwilliams/
https://www.linkedin.com/in/theloriwilliams/
https://loriwilliams-seniorservices.com/aging-in-style-podcast/
Topics discussed:
-Senior finances
-Elder / financial abuse
-Conversations about finances with family
-Legal documents
-Power of attorney
-Having difficult discussions
-Dementia
Previous Episode
060. 96 Years Young, World War II Vet, the MOST Inspirational Senior I know: meet Doug Brown
With a podcast called Aging in Style, it’s only fitting to welcome a guest who embodies the concept so fully. That’s why Senior Services Expert Lori Williams welcomes Doug Brown: Great Depression baby, World War II veteran, and current refurbisher of computers ... who is 96 years young.
Though he’s nearly 100, Doug says he feels at least 20 years younger. His secret? Staying busy. Along with words of wisdom (such as “Volunteer or die”), he shares his tactics for longevity and the importance of living an active life - both mentally and physically. You’ll be fascinated as you hear about his life with his wife Claire, his typical schedule and how he stayed busy during quarantine.
Takeaways from this episode:
Having a purpose in life keeps you alive and doing good things; staying busy is the key to happiness.
If you don’t volunteer or find some way to stay active, you’ll start to go downhill. Likewise, if you let your mind go, then your health follows.
Once you start doing something, it’s easy to keep doing it - it’s just the initial inertia that can be difficult to overcome.
You must have companionship where you’re exposed to new ideas, thoughts, and (polite!) disagreements.
Doing something physical may be difficult, but the minute you stop doing it completely, then it becomes impossible for you to do anymore.
Resources mentioned in this episode:
To locally donate computers and parts, please get in touch with: [email protected]
To suggest a topic, be a guest or to support the podcast please email [email protected]
For more senior resources and to sign up to the newsletter, please visit:
https://www.facebook.com/LoriWilliamsSeniorServices/
https://www.instagram.com/theloriwilliams/
https://www.linkedin.com/in/theloriwilliams/
https://loriwilliams-seniorservices.com/aging-in-style-podcast/
Topics discussed:
Retirement activities
Senior volunteer work
Learning new skills
Staying active throughout life
Finding purpose in old age
Physical fitness
Staying sharp
Next Episode
062. Answer these 8 questions to decide which senior housing is right for you
If you or a loved one are looking into senior living, where do you begin?
First, it’s important to know what senior living is. When you think of senior living, you may be thinking of a nursing home. However, there are many different types, from independent living to memory care, and it’s important to think of what best suits your needs. Maybe you just need socialization and meals included. Or, maybe you need a higher level of care with bathing, dressing, or medications.
No matter where you’d like to go, there are multiple considerations for finding your ideal community. Drawing from her experience running a senior living placement service, Lori Williams outlines 8 questions to ask as you consider this life change for yourself or a loved one.
Takeaways from this episode:
-Independent living includes everything under one price, from activities and housekeeping to transportation and meals.
-Residential care homes are smaller communities with higher levels of care, typically for those with some degree of dementia or physical needs.
-If your prospective home offers meals, be sure to come in at lunchtime to try out the food and get an idea of the atmosphere.
-Feel free to ask caregiver questions like the ratio of caregivers to residents, their training and their tenure.
-Senior placement services are free and can help walk you through considerations to find the best place for your needs.
Resources mentioned in this episode:
Senior Housing 101:
Top 5 Misconceptions about Senior Living:
Tips on Touring Senior Communities:
Topics discussed:
Senior living
Senior communities
Senior living meals
Independent living
Memory care
Assisted living
Residential care
Senior placement service
To suggest a topic, be a guest or to support the podcast please email [email protected]
For more senior resources and to sign up to the newsletter please visit:
https://www.facebook.com/LoriWilliamsSeniorServices/
https://www.instagram.com/theloriwilliams/
https://www.linkedin.com/in/theloriwilliams/
https://loriwilliams-seniorservices.com/aging-in-style-podcast/
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