Philip J. Kavesh
Nationally recognized attorney helping clients with customized estate planning guidance for over 40 years.

The CFPB works toward preventing financial abuse of the elderly.

World Elder Abuse Awareness Day has sparked some detailed efforts by the federal government to protect the finances of the elderly, as detailed by the Consumer Financial Protection Bureau in “Preventing financial exploitation on World Elder Abuse Awareness Day.”

One of the most important things the agency is doing focuses on reporting the problem in the first place.

Several studies and reports have detailed not only the scope of the elder financial abuse problem, but also how banks and other financial institutions can recognize it and help to prevent it.

Educational materials have been created so people can be trained to spot potential elder abuse. The CFPB has also put together local stakeholder support networks and distributed information directly to elders. For example, they have provided informative place mats to Meals on Wheels users.

An elder law attorney can advise you, if you suspect any elder financial abuse.

Do You Need To Speak With An Attorney About Estate Planning?

If you need to speak with an experienced estate planning lawyer please contact us online or call us directly at 800.756.5596 to claim your space at one of our free, informative seminars. Your attendance will qualify you for a discount for our estate planning services. We proudly serve clients throughout California with offices in Torrance, Newport Beach, Orange, Woodland Hills and Pasadena.

Be the first to comment!
Post a Comment