Download e-book for kindle: Aging and Money: Reducing Risk of Financial Exploitation and by Ronan M. Factora
By Ronan M. Factora
Increasingly, we pay attention of an increasing number of elders falling sufferer to monetary exploitation. even though this kind of elder abuse has been famous for years, its occurrence, incidence, and effect at the universal person has been in basic terms extra lately dropped at the highlight. regardless of those situations, reputation of threat elements and symptoms of economic exploitation usually are not largely disseminated. also, as soon as occasions are pointed out and faced, the data of what to do subsequent is missing. those gaps are current in the scientific group, law-enforcement, and the finance neighborhood – parts the place possibilities for popularity and intervention are universal. Our elders frequently don't know of what to do once they see their very own probability or after they fall sufferer. Aging and funds: decreasing chance of monetary Exploitation and retaining monetary assets helps clinicians to combine identity of such signs of abuse into their geriatric review in addition to advisor them in acting an overview of an members’ monetary determination making capability while appropriate.
Aging and cash: lowering danger of monetary Exploitation and holding monetary Resources is a vital new textual content that offers the working towards clinician with details on opting for probability components and medical clues linked to monetary exploitation and the way to include those steps into their practice.
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Extra resources for Aging and Money: Reducing Risk of Financial Exploitation and Protecting Financial Resources
In the case of physical abuse, sexual abuse, or neglect, the victim almost always requires immediate medical attention. Once abuse is uncovered and the victim is safe, it is important to take legal steps to restrict the perpetrator’s access to the victim’s funds. The specific steps will depend upon the legal mechanisms the perpetrator used to gain access to the victim. For example, if the perpetrator has obtained guardianship over the victim, the court of jurisdiction will need to be informed of the abuse and a petition filed to remove the guardian and replace him/her with someone else if guardianship is in fact indicated.
3. Technological advances such as online banking and stock trading have made money management more complex and have made perpetrating large scale fraud easier. 4. Elderly victims often have physical or cognitive limitations that render them both more dependent on others and less able to critically evaluate potential scams. This chapter will discuss elder financial abuse as part of the broader problem of elder abuse. It will outline the scope of the problem of elder financial abuse, the types of financial abuse, victim profiles, and perpetrator profiles.
In this survey, physicians were the least likely to report any cases of abuse . 3 Barriers to Recognition 33 Fig. 1 Result of survey determining reports for suspected elder abuse (Rosenblatt DE et al. J Am Geriatr Soc. 1996). Onepercent unaccounted for in the study is likely portioned between the various categories of reporters 2% Physician 26% Non-Physician HCP 41% Community 25% SW, Mental Health 5% Law Enforcement Barriers to Self-Reporting Many reasons exist explaining why victims of elder abuse do not report the events.
Aging and Money: Reducing Risk of Financial Exploitation and Protecting Financial Resources by Ronan M. Factora