December 18, 2018

Combating Elder Financial Abuse

Charles P. Golbert

Elder financial abuse is an exploding problem in our society. To give a flavor, according to a joint study by the National Committee for the Prevention of Elder Abuse, Virginia Tech University, and the Metlife Mature Market Institute – known as the Metlife Study – victims of elder financial abuse in the United States lost at least $2.9 billion (yes, that’s billion with a “b”) in 2010. That represents a 12% increase from just two years earlier, 2008, when the amount was $2.6 billion. And the problem continues to grow.

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