A Shameful Problem: Elder Financial Abuse

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A new report suggests that financial abuse of older adults is much more prevalent than previously thought. The statistics we have been using on financial fraud and exploitation of the elderly may be way low. If you are over 65 you probably suspected this was true. If you are like me, you receive fraudulent telephone […]

IRS Warns Consumers to Avoid Phone Scams

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In a Tax Tip issued October 21, the IRS continues to warn consumers to guard against scam phone calls from thieves intent on stealing their money or their identity. The agency offers information and tips to help you avoid being a victim of these scams: Scammers make unsolicited calls.  Thieves call taxpayers claiming to be […]

Helping our Elderly Parents Avoid Scams

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[By Josephine Reviello, Case Manager] I recently read an article titled “Why Do Elderly Parents Fall For Scams That Seem So Obvious To Us?” by Carolyn Rosenblatt. I immediately thought of a past client of mine who had a financial planner who scammed him out of thousands of dollars. My client was wealthy, alone, never married, […]

IRS Warns About Tax Scams

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It’s tax season and the IRS is warning consumers about the many tax scams that are circulating this year. These include bogus emails and threatening phone calls. (See IRS Tax Scams/Consumer Alerts.) Among the currently popular cons: Email Phishing Scam: “Update your IRS e-file”  The victim receives emails that appear to be from the IRS […]

Living Trust Flimflam gets PA Lawyer Disbarred

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The Pennsylvania Supreme Court has disbarred a lawyer for his conduct in selling living trusts to senior citizens. The term “living trust” is a marketing name given to a revocable trust you create during lifetime often with a purpose of avoiding probate at your death. I’ve written before about living trusts, their proper uses, and […]