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Elder abuse experts: Expect more cases like this one in Bethesda

  • 2 June 2015
  • Author: Elder Advisor
  • Number of views: 421
  • 0 Comments
To Montgomery County detectives, the care that James Kirkland provided to his 87-year-old mother — who had pressure ulcers so severe that her spine was exposed — amounted to felony abuse of a vulnerable adult.

To Kirkland, the situation is more nuanced and complicated.

And to those who work with the nation’s rapidly aging population, the case may be a demonstration of the kind of misfortune they expect to become more common.

What You Can Do To Curb Elder Financial Abuse (from Forbes Magazine)

  • 31 May 2015
  • Author: Elder Advisor
  • Number of views: 524
  • 0 Comments
There’s no way to guarantee your aging parents won’t fall victim to elder financial abuse, but there is one thing you can do to help cut the odds: Be sure they’re discussing their finances with someone they (and you) can trust.

That’s the upshot of the recent Allianz Life study,Safeguarding Our Seniors. When surveying 1,223 people who were 65 and older, Allianz found that only 8% of those who said they were victims of elder abuse also said they were “currently discussing their finances with another person.”

The Need to Talk About Money

And those who talk to “third-party resources” about their finances felt better equipped to identify and prevent elder financial abuse than those who don’t: 84% who regularly talk with friends and family about their finances and 82% who speak with hired money pros were confident about protecting themselves vs. 70% who do neither.

While 93 to 94% of survey respondents who talk about their finances with a hired professional or friends and family said they never sign documents they don’t completely understand, only 82% who handle their money alone said that.

Allianz Life President and CEO Walter White (yes, he has the same name as

Article in Huffington Post Calls Elder Abuse 'Huge, Expensive And Lethal' Problem For States

  • 28 May 2015
  • Author: Elder Advisor
  • Number of views: 522
  • 0 Comments
This piece comes to us courtesy of Stateline. Stateline is a nonpartisan, nonprofit news service of the Pew Charitable Trusts that provides daily reporting and analysis on trends in state policy.

We know that victims of elder abuse tend to be socially isolated, physically weakened and struggling to maintain their independence. They are reliant on family, friends or caregivers who violate their trust.

What we don’t know, because elder abuse is underreported, is how big the problem really is.

INSURANCE AGENT/COMPANY ABUSE OF ANNUITY SALES

  • 26 April 2015
  • Author: Elder Advisor
  • Number of views: 466
  • 0 Comments
Annuities are complex financial products with widely varying fees, costs and features and many brokers/salespersons target the elderly which CAN BECOME A form of elder abuse.


A Nursing Home Stay Can Be Temporary

  • 24 April 2015
  • Author: Elder Advisor
  • Number of views: 364
  • 0 Comments
by Eleanor Laise

A voluntary move out of a nursing home requires careful planning for the transition home, while an involuntary move may require a fight for a resident's rights.

EDITOR'S NOTE: This article was originally published in the June 2012 issue of Kiplinger's Retirement Report.

Many people view the move to a nursing home as a one-way trip. But new government initiatives, combined with nursing homes' shifting business models, are encouraging more seniors to return home. Unfortunately, not all round trips are voluntary: Nursing homes are forcing out some residents.

Under federal rules implemented in 2010, all nursing-home residents are asked every few months whether they want to talk to someone about returning to the community. If a resident is interested, nursing homes must help the senior get more information on a potential move.


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