{"id":870,"date":"2015-11-11T08:00:32","date_gmt":"2015-11-11T14:00:32","guid":{"rendered":"https:\/\/www.creditaid.ca\/blog\/?p=870"},"modified":"2015-11-11T08:00:32","modified_gmt":"2015-11-11T14:00:32","slug":"seniors-are-caregivers-caring-when-it-comes-to-money","status":"publish","type":"post","link":"https:\/\/www.creditaid.ca\/blog\/2015\/11\/11\/seniors-are-caregivers-caring-when-it-comes-to-money\/","title":{"rendered":"Seniors: Are Caregivers Caring When it Comes to Money?"},"content":{"rendered":"<p>\t\t\t\t<a href=\"https:\/\/www.creditaid.ca\/blog\/wp-content\/uploads\/2015\/11\/Seniors-and-Money.png\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter size-full wp-image-871\" alt=\"Seniors-and-Money\" src=\"https:\/\/www.creditaid.ca\/blog\/wp-content\/uploads\/2015\/11\/Seniors-and-Money.png\" width=\"500\" height=\"399\" srcset=\"https:\/\/www.creditaid.ca\/blog\/wp-content\/uploads\/2015\/11\/Seniors-and-Money.png 500w, https:\/\/www.creditaid.ca\/blog\/wp-content\/uploads\/2015\/11\/Seniors-and-Money-300x239.png 300w\" sizes=\"(max-width: 500px) 100vw, 500px\" \/><\/a><\/p>\n<p>We all know that seniors can be among society\u2019s most vulnerable. Often they spend a great deal of time alone, and criminals are quick to pounce on their naivet\u00e9 when it comes to technology in their efforts to entrap them in email, internet, investment, and utility bill scams.<\/p>\n<p>The greatest threat to a senior citizen\u2019s financial well-being isn\u2019t always some fast-talking huckster or a far-off oil sheik looking to dispense with some of the family fortune if only they\u2019ll send them a small advance for \u201cadministrative fees\u201d. Often, it\u2019s the very people that they have come to trust who are stealing their money.<\/p>\n<p>Financial abuse and fraud are among the most common types of elder abuse, and with the population base aging, crimes against seniors by their caregivers are on the rise. Joint banking accounts and Powers of Attorney are tools that are to be used by seniors to empower their caregivers, whom they entrust to look out for their affairs. Unfortunately, they are often used as blank cheques by caregivers. Common forms of financial abuse of seniors by their caregivers include:<\/p>\n<ul>\n<li>Misuse or theft of a senior\u2019s property or money, often from joint bank accounts.<\/li>\n<li>Forging a senior\u2019s signature, or changing documents to dispose of their profits.<\/li>\n<li>Threatening a senior physically or otherwise to get them to do things that aren\u2019t in their best interest \u2013 like giving \u201cgifts\u201d of money or property to the caregiver, taking out a loan, or co-signing a loan for he caregiver.<\/li>\n<li>Sharing a senior\u2019s home without paying expenses or rent when requested.<\/li>\n<\/ul>\n<p>The list of opportunities for financial abuse of a vulnerable senior is long. If you suspect that someone you know is being taken advantage of by their caregiver, please don\u2019t hesitate to contact their family, or the police.<\/p>\n<p>Elder abuse is a growing problem. Seniors have worked hard their entire lives to get where they are, and they don\u2019t deserve to be defrauded of their money by the people they\u2019re led to believe they can trust. For more information, visit <a href=\"http:\/\/www.seniors.gc.ca\/eng\/index.shtml\" target=\"_blank\" rel=\"noopener noreferrer\">seniors.gc.ca<\/a> to find a series of publications on financial abuse and fraud, including \u201c<a href=\"http:\/\/www.seniors.gc.ca\/eng\/working\/fptf\/financialabuse.shtml\" target=\"_blank\" rel=\"noopener noreferrer\">What every older Canadian should know about Financial Abuse.<\/a>\u201d<\/p>\n<p><a href=\"\/who-is-creditaid\" target=\"_blank\" rel=\"noopener noreferrer\">Creditaid<\/a> is a local credit and insolvency counselling firm who has been helping Manitobans get out of debt since 1992. Contact Crediaid anytime, <a href=\"\/contact\" target=\"_blank\" rel=\"noopener noreferrer\">online<\/a> or by telephone at (204) 987-6890.\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We all know that seniors can be among society\u2019s most vulnerable. Often they spend a great deal of time alone, and criminals are quick to pounce on their naivet\u00e9 when it comes to technology in their efforts to entrap them in email, internet, investment, and utility bill scams. The greatest threat to a senior citizen\u2019s &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.creditaid.ca\/blog\/2015\/11\/11\/seniors-are-caregivers-caring-when-it-comes-to-money\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Seniors: Are Caregivers Caring When it Comes to Money?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75,183,193,196,249,317,335,336,351],"_links":{"self":[{"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/posts\/870"}],"collection":[{"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/comments?post=870"}],"version-history":[{"count":0,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/posts\/870\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/media?parent=870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/categories?post=870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.creditaid.ca\/blog\/wp-json\/wp\/v2\/tags?post=870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}