Elder abuse – it’s a topic often avoided because the reality of it is difficult to face. However, it’s a vital conversation and brings forward the importance of combating mistreatment through education and advocacy. Unfortunately, the elderly population is more susceptible to being taken advantage of due to physical and mental decline, and believe it or not, 1 in 10 Americans over the age of 60 will experience some form of elder abuse. It can come in various forms, from neglect and psychological abuse to physical and financial abuse. To make matters worse, only 1 in 44 cases of elder abuse are reported, according to The National Adult Protective Services Association.

If you’re like us and you find yourself wondering how such a serious issue among so many older adults can be allowed to go unreported and unresolved, then you’re in the right place.

Awareness is the first step to preventing elder abuse, and that’s why, in this episode of A Place of Possibility, we’re facing the complex realities of elder abuse head-on. After all, it’s easier to have a difficult conversation than it is to live with abuse.

Together, we’ll be talking about:

  • The different types of elder abuse and what they look like
  • Recognizable signs of elder abuse that may be impacting loved ones, whether at home or in a facility
  • The best ways to protect yourself or a family member from abuse
  • What to do if you suspect elder abuse
  • What the legal ramifications are for elder abuse

And more!

During the discussion, Richard also shares a personal story about how financial elder abuse touched his family, specifically his father, who was 80 at the time:

“My father was a victim of financial abuse. He had a line of credit with a checkbook that he had never used sitting in one of his drawers, and unfortunately, his girlfriend, who was living with him, started writing checks and signing his name, but the money was going to her. Over two years, she stole about $80,000. We had no idea, and she was hiding the statements from him. Once I got wind of this, I called the authorities and tried to talk to him, but he didn’t want to take action because he was afraid of losing her companionship. We did eventually get the money back after she passed away.”

At Del Monte Group, we want to help you protect your wealth and health. All older adults deserve to age with dignity and respect, so we hope this episode will provide more insights and help you take action.

P.S. Looking to meet with Richard or Angela at our office in Alamo, CA? Want to discuss more of what you heard in this episode? Wondering where the heck you need to get started or what all of this means for your retirement plans? Schedule a free 30-minute session and find the peace of mind you deserve for the rest of your life. You can also reach us by calling 925.736.6410 or sending an email to Info@APlaceOfPossibility.com.

“How do you protect your physical self? Number one, take care of your health. There are diseases and cognitive declines that you can’t prevent, but you can control your diet, exercise, and the ability to seek professional help if you’re struggling with drugs, alcohol, or depression.”

We’re proud to present you with our “Know Your Possibilities Guide,” a tool and free resource for you to take notes, review, keep on hand, or even share with your friends and family. So grab your copy, click the play button, and follow along. You’re just minutes away from discovering your next Place of Possibility.

A Glance at this Episode:

0:00 Introduction

1:11 Before we dive into today’s topic, we’re giving a quick market update. If you are a wise investor who stayed the course, like many of our clients, you were rewarded with a 5% increase in your portfolio.

2:55 Today, we’re talking about elder abuse, and while it may be challenging to discuss, it’s an important topic to be aware of.

4:31 There are seven different types of elder abuse, which include neglect, physical abuse, and sexual abuse.

5:15 Sexual abuse is a more common occurrence for elders than you may think. In fact, there are big lawsuits over this happening right now for abuse that took place in a doctor’s office!

6:00 The other types of elder abuse are abandonment, emotional or psychological abuse, financial abuse, and self-neglect. Listen in as we take a closer look and define what these types of abuse entail.

8:05 1 in 10 Americans over the age of 60 will experience at least one form of abuse. It’s usually committed by a family member or trusted care professional!

8:27 Did you know that psychological abuse is the most common? How about the fact that financial abuse is the most reported?

9:08 We address one of the most pressing questions – why and how does elder abuse happen in the first place?

11:05 Knowing the signs of elder abuse can help you put a stop to it. Signs of physical elder abuse include unexplained physical injuries, unkempt hygiene, malnourishment or dehydration, and more.

12:08 Psychological and emotional abuse is more challenging to recognize. Be on the lookout for increased fear and anxiety, isolation, changes in sleep patterns, disinterest in activities, and more.

13:14 If you’ve noticed unexplained bank withdrawals, pre-signed blank checks, or lots of unpaid bills, you have a right to suspect financial elder abuse. We have a few real-life stories where these happened, so listen in.

18:33 In this portion, we’re talking all about scams. Please tune in to learn about the most common ones and how to protect yourself and your loved ones.

21:43 Do you know what your rights are? There are many organizations out there that help protect seniors. And, since COVID, rights have even expanded to include visits from family and friends. Here’s what you need to know.

22:40 What should you do if you suspect elder abuse? Ombudsmen are a great resource. See our links below under “Resources Mentioned” to find your local ombudsman and listen in for more.

23:34 There are steps you can take to prevent elder abuse from happening. Here, we discuss what you can do to protect yourself physically.

25:58 The first step in protecting your wealth during your senior years is planning your future. Here’s why.

27:45 Tune in here as we discuss other steps to prevent financial abuse, such as shredding old documents and switching to online statements.

29:15 Watch out for scams and stay up-to-date on technology, as scammers have become more creative. You may have even experienced some of the common scams we discuss here.

33:14 Curious about what the legal ramifications for elder abuse are? Generally, there is a fine and potential jail time, depending on the severity of the crime.

34:50 If you’re not in a facility and suspect elder abuse in the home, the practice is to report it to your county’s Adult Protective Services.

35:14 Thanks for sticking with us! While elder abuse is a complicated topic, being informed can go a long way in preventing it.


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Links/Resources Mentioned in this Episode:

“One-size-fits-all” won’t fit you here! The Del Monte Group team understands that everyone’s financial goals are unique. That’s why we always provide customized advice. No matter where you are in life, you can depend on our proven expertise to provide financial planning support for long-term success. Ready to get started? Schedule a meeting with Richard or Angela in our Alamo, CA-based office today, or we can meet via Zoom! >> You can select a date and time that works for you via our calendar, call us at 925.736.6410, or send an email to Info@APlaceOfPossibility.com. We can’t wait to help you!



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