Elderly Parents

Saving Your Elderly Parents from Financial Fraud

Saving Your Elderly Parents from Financial Fraud

Talk to them about their money (and those who could take it away).

Provided by Eddy H. Shum, CFP®, PFS, MBA, CLU, RFC®

Elders are financially defrauded daily in this country. Just a tiny percentage of these crimes are made public. In fact, the National Adult Protective Services Association (NAPSA) estimates that only 1 in 44 cases of elder financial abuse are reported. A recent NAPSA study found that 11% of seniors had been financially “abused, neglected or exploited” within the past year.1

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