Financial Exploitation of Seniors
Author: Shirley Krohn.
Source: Volume 12, Number 05, January/February 2010 , pp.67-69(3)
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Abstract:
There are many ways in which a senior citizen can be scammed. This article focuses on several specific areas: reverse mortgages (identified as one of the next financial fiascos), annuity fraud (which oftentimes goes hand-in-hand with reverse mortgages), living trust mills, and long-term care insurance. Frauds and scams can and do happen to everyone. No one is immune.Keywords: reverse mortgage scam; living trust mills as scam; long-term care insurance scams
Affiliations:
1: California Senior Legislature.