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Protecting Yourself from Elder Fraud

Feb 29, 2024 | Asset Protection

Elder fraud is a disturbing yet increasingly common issue in today’s society. Scammers often view older adults as vulnerable targets, capitalizing on a lack of technological know-how or potential cognitive decline. 

Here’s how to safeguard yourself and your hard-earned assets.

Be Skeptical: Scammers are becoming more sophisticated. Always question unsolicited contacts, especially if they are asking for personal or financial information. Don’t be afraid to hang up the phone or delete the email.
Secure Personal Information: Never share your Social Security number, Medicare information, or bank details with anyone unless you initiate the contact and trust the entity.
Consult Trusted Sources: Before making significant financial decisions, it’s advisable to consult trusted family members or your legal advisor. They can offer a valuable second opinion and might see potential red flags.
Educate Yourself: Stay updated on the latest types of scams so you know what to look out for. Education is your first line of defense.

Avoiding fraud requires constant vigilance, but you don’t have to do it alone. Legal safeguards can also add layers of protection. 

Butcher Elder Law specialize in educating and helping you protect what you have for the people you love the most. Call us at (440) 268-8284 or contact us to learn more about how we can help.