
Preventing Long-Term Care Abuse
Advice for adult children, so their parents in nursing homes and assisted living are safe from scammers.

Advice for adult children, so their parents in nursing homes and assisted living are safe from scammers.

The costs of long-term care for older adults can be significant. Federal Medicare health insurance benefits do not cover most of these costs. Most people who incur costs for long-term care cover them with a combination of personal savings, long-term care insurance and Medicaid, among other sources.

Your elderly mother is getting forgetful and confused. What do you do now?

The financial exploitation of elderly people comes at a great cost: It costs victims as much as $36.5 billion each year, according to the National Council on Aging. It can also be more difficult to detect than physical abuse and neglect because it’s often done by family members, trusted friends and caregivers.

Several types of special income trusts and other strategies can be helpful when trying to protect your family’s assets from the devastating costs of long-term care.

Here’s what you need to consider, when looking to hire an elder law attorney.

Although the Medicaid system may be a generally recognized public benefit, the intricacies of the program usually do not become relevant to individuals, until they face the need to use it.

Recent studies estimate that 39.6% of Americans 65 years of age or older are victims of financial abuse.

Women face unique challenges as they age. According to the Population Reference Bureau, a Washington-based think tank, women live about seven years more than men. Living longer means planning for a longer retirement.

Learn about two common senior living types—assisting living and memory care—and how to determine the best care for your elderly parent or spouse.