Worried About Elder Financial Abuse? How to Protect Your Parents
As your parents get older, roles sometimes reverse. You may find you now need to care for your aging parents, especially when it comes to managing and protecting their finances. Elder financial abuse is a growing concern among seniors and their adult children. Sometimes family members and caretakers are the culprits. Just one financial scam can cost the average senior about $30,000 — a big hit for any nest egg. So how can you protect your parents' finances? Here are five ways to help.