Council on Aging Answers 2017 - 76

COUNCIL ON AGING - SOUTHERN CALIFORNIA

REPORT ELDER FINANCIAL ABUSE

Be A Part Of The Solution

FINANCE & LEGAL

n Kelli Jean Morris, JD, LLM

Financial exploitation is the largest growing and
most underreported form of elder abuse. A study
published in 2011 by the
MetLife Mature Market Institute estimates the annual
cost to victims to be $3 billion dollars annually.
This form of abuse can
be devastating because an
elder victim's life savings
can disappear in the blink
of an eye, leaving them
unable to provide for their
needs and afraid of what an
uncertain tomorrow will
bring. Yet, a 2016 report by
the National Adult Protective Services Association
(NAPSA) shows that only
1 in 44 cases of financial
abuse is known to authorities.
Failure to report this
form of abuse stems from
a variety of reasons including:
n Shame or embarrassment
n Dependence on the abuser for medical care, transportation, or food and shelter
n Desire to protect the abuser, who may be a child,
grandchild, other family member or trusted caregiver
n Fear of being placed in a nursing home because
others think they can't manage on their own
n Failure to recognize they are being exploited
While aging inevitably results in loss, there are some
losses we can avoid. The Council on Aging's Elder
Abuse Prevention Program and Financial Abuse Spe76

Answers Guide 2017	

cialist Team (FAST) helps you recognize and guard
yourself from financial abuse. We'll show you how to
identify and avoid scams and how to be proactive in
protecting your assets.
Contact us for free outreach and
education regarding:
n Protection against scams and
fraud
n Protecting your assets
n Powers of Attorney and Advance Healthcare Directives
n Community Resources
FAST volunteers meet on a
monthly basis with Adult Protective Services (APS) and the Long
Term-Care Ombudsman to offer
creative solutions in complicated
cases of financial abuse. They are
also practicing professionals in
a multitude of disciplines with
special knowledge about financial
abuse.
If you suspect that you or someone you know is being financially
abused, seek the assistance of a
knowledgeable professional and
REPORT IT!
n Call Adult Protective Services (800-451-5155) for
individuals living independently
n Call the Long Term-Care Ombudsman (800-3006222) for individuals living in a facility
n Report ALL scams to the Federal Trade Commission (877-382-4357) or https://www.ftccomplaintassistant.gov
n Report Medicare Fraud to the Senior Medicare Patrol (855-613-7080)
n Report suspicions of abuse to local law enforcement
Call the Council on Aging at 714-470-0107 to request any of our services or referral to resources and
knowledgeable professionals.

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Table of Contents for the Digital Edition of Council on Aging Answers 2017

Contents
Council on Aging Answers 2017 - Intro
Council on Aging Answers 2017 - Cover1
Council on Aging Answers 2017 - Cover2
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Council on Aging Answers 2017 - Contents
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