Are You Worried About Financial Exploitation of Your Elderly Loved One?
Baby Boomers are retiring at an alarming rate and shall continue to be a very large part of the senior population. Additionally, Seniors, as well as most Baby Boomers, have acquired a considerable amounts of assets over there working years, have distinct amounts of money to spend, subjecting this part of the population segment subject to being financially exploited.
Financial exploitation of this segment of the population is growing rapidly more each year. Many authorities believe this kind of Elder Abuse is epidemic. Elder Abuse is such a serious growing problem that occurs daily in every community across the United States.
Financial Elder Abuse can drain people, especially the elderly and baby boomers, who are now retiring, of all their life savings, leaving them quite vulnerable, especially when a family emergency that requires health care or long term care occurs. Illnesses such as Dementia and Alzheimer’s often make it difficult for a person to ask for help when confronted with financial problems.
Watch Out for Annuity Scams!
Substantial commissions on the sale of annuities are made by Agents, who have manipulated Elders and unsuspecting individuals into purchasing an unsuitable annuity or replacing existing or established annuities with a new one simply for the Agent’s substantial commissions earned. Please contact the Peck Law Group if you know of an individual that has been financially abused and sold an unsuitable Annuity.
About the Author
Attorney Steven Peck has been practicing law since 1981. A former successful business owner, Mr. Peck initially focused his legal career on business law. Within the first three years, after some colleagues and friend’s parents endured nursing home neglect and elder abuse, he continued his education to begin practicing elder law and nursing home abuse law.