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Posts tagged "Guardianships & Conservatorships"

Could “age-friendly” banks reduce elder abuse?

When do financial decision-making abilities peak? It is probably much early that you’d imagine. Studies have found that it is the mid-50s. Then skills begin to deteriorate. “The older the wiser” adage doesn’t translate to managing finances.

What progress is Colorado making on ABLE accounts?

It’s hard to believe that it was almost two years ago when we first wrote about ABLE accounts. While similar to college savings accounts, these accounts allow those with disabilities to have savings accounts without affecting Supplemental Security Income (SSI) and Medicaid eligibility.

Steps to take after someone loses money in a scam

The U.S. Department of Justice has recently prosecuted defendants across the country related to a Jamaican lottery scam. In a recent webinar discussing elder financial abuse, a lawyer with the DOJ stressed that effective schemes do not work if they sound to go to be true.

Federal legislation seeks to crack down on senior fraud

Cracking down on fraudulent schemes that target older Americans is the goal of bipartisan legislation recently introduced by U.S. Senators Amy Klobuchar and Susan Collins. The Senior Fraud Prevention Act would help educate seniors and improve monitoring.

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