HAMPTON ROADS, Va. – (Nov. 20, 2012) – As the holiday season starts warming up, so do the opportunities for fraudulent activities. Seniors are most at risk. Research shows that as many as 5 million older adults are victims of abuse and financial exploitation. In fact, up to 3 billion dollars are bilked annually from the elderly population.
Senior Services of Southeastern Virginia (SSSEVA), a member of the Virginia Association of Area Agencies on Aging (n4a), works closely with its partners to bring a safety net of help and awareness to seniors in South Hampton Roads and Western Tidewater. A recent publication produced by the National Center on Elder Abuse in partnership with the Eldercare Locator addresses this very issue. “Protect Your Pocketbook: Tips to Avoid Financial Exploitation,” offers up some of the warning signs and recommends what steps families of should take to protect themselves: Get an estate plan in place. Talk with an attorney about creating a durable power of attorney for asset management; a living will; a revocable or living trust, and health care advance directives. Learn how to avoid fraud and scams at www.stopfraud.gov/protect.html.
Director of Development and Community Relations