The number of older, wealthier people is increasing and sadly, so is the number of elderly persons who are financially exploited. Despite the widespread nature of such abuse, many states still do not have specific laws criminalizing such behavior – thankfully Michigan is not one of them. Yet despite the growing recognition of financial exploitation, it is routinely overlooked and unreported which some attribute to the belief that it remains a family matter. A recent New York Times article, “Declaring War on Financial Abuse of Older People” details one woman’s efforts to become an activist after her grandmother was swindled out of her life savings. With states and the federal government trying to increase public awareness, hopefully we achieve greater protection for our most vulnerable – the elderly.
Former First Lady Rosalynn Carter once said that “there are only four kinds of people in this world: those who have been caregivers, those who currently are caregivers, those will be caregivers and those who will need caregivers.” Currently an estimated 40 million people providing care to an adult family member or other loved one. […]
In her new book, “Old & Sick in America: The Journey Through the Health Care System” Dr. Murial Gillick addresses many of the common struggles older patients can have with our health care system. These can include being seen briefly in a hospital by a physician you’ve never met before, who isn’t familiar with your […]
Protecting assets from nursing home expenses is an issue that I am frequently asked about. Sometimes it may arise after a heart attack, stroke or other concern. Other times it may arise after a loved one moves into an assisted living facility or nursing home due to Alzheimer’s. Whatever the motivation, it is topic that […]