I had so much response to my post warning about the FTC scam going around (found here) that I decided to dig for some more material. If you know of elder fraud happening now, call the United States Senate Special Committee on Aging Fraud Hotline toll-free at 1-855-303-9470, or report it online at https://www.aging.senate.gov/fraud-hotline.
Want to know the top 10 most reported scams against the elderly and how they try to get you? Check out the committee’s report at https://www.collins.senate.gov/sites/default/files/2019%20Fraud%20Book.pdf
Aren’t concerned about fraud against the aging? You should be. According to Derek Schmidt, Attorney General of Kansas who reported to the Committee, “By one estimate, only one in every 24 cases of elder abuse is detected or reported. Despite that underreporting, statistically one in every 10 Americans age 65 or older who lives at home will become a victim of abuse.” Statistically, someone you know or love has or will be a victim of elder abuse, which could include being victim to one of these top-10 scams.
Please call or contact me today if you would like to know how good estate planning can reduce the chances a scam will hit you or your family.
See you on the trail.
Post by Peter Harrison.