Abuse & Manipulation

Charitable Giving & Buyer Beware

Charitable Giving & Buyer Beware

Does it make sense for consumers to view non-profit organizations differently from for-profits when making a decision to ‘purchase’?  Some have suggested that “buyer-beware” does not apply to the non-profit sector.  In a recent conversation with several individuals working in the non-profit charitable sector, one noted that when dealing with charities consumers don’t need to have the same concerns as […]

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Red flags in charitable donations

Red flags in charitable donations

Professionals involved in financial transactions with older adults, including those working in the charitable sector, have a responsibility to be aware of their client’s capacity to make a financial decision.  This can pose difficulties since each individual situation is unique, however, there are some red flags that will suggest more information is required prior to completing a transaction.   A change […]

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Can you loan me $20?

Can you loan me $20?

There seems to be an increasing number of stories about people borrowing money from older adults.  Although the information is only anecdotal there are several similarities in the stories.  The lender is generally over the age of 70.  The borrower is typically employed and although younger, not without substantial life experience.  There are multiple instances of borrowing, with repayments taking […]

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A Top Priority – Preserving Financial Autonomy

A Top Priority - Preserving Financial Autonomy

Each of us wants to control decision-making about our lives or at least have the ability to transfer a decision to someone else of our own choosing.  When it comes to financial matters, autonomy is an important contributor to well-being and life satisfaction.  Regardless of where one lives (e.g. in a private home or in an institutional setting), their health […]

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Crowdsourcing, Elder Abuse & Eldercare

Crowdsourcing, Elder Abuse & Eldercare

Crowdfunding has gained incredible momentum in many countries including Canada, the U.S., the U.K. and Australia.  I’ve been involved in one crowdfunding initiative through www.kickstarter.com to fund a documentary.  My family now owns a copy of the documentary, which is a story that is important to us, and I’m proud to have been a contributor to its production. The National […]

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Excellent guide from CFP Board helping seniors protect themselves

Excellent guide from CFP Board helping seniors protect themselves

A recently released guide from CFP Board©, written by consumer advocate Eleanor Blayney provides helpful guidance.  You can access it here: http://cfp.net/docs/publications/financial_self_defense_guide_for_seniors.pdf?sfvrsn=2    The full title is self-explanatory: Financial Self-Defense for Seniors – Know the Red Flags and Avoid Financial Abuse The layout of the booklet helps information to be conveyed very clearly and easily.  There are 10 red flags (or […]

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Gifting – Question #5 – Ownership of Assets

Gifting - Question #5 - Ownership of Assets

Some people feel that once a person is older they no longer require their assets.  This mislead viewpoint thinks it is fine to being to use the older person’s assets because they will pass away before the assets are required.  Often this perspective is held by individuals who will inherit the remaining assets.  They feel that their current need for […]

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Gifting – Question #4 – Manipulation

Gifting - Question #4 - Manipulation

The issue of elder abuse is increasing in awareness.  Yet I continue to see family dynamics that leave me concerned that manipulation is taking place.  Money can be used as bargaining power in relationships.  This may sound negative but it isn’t necessarily so.  Bargaining happens all the time – you help me with something and I feel drawn to return […]

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