New Rule Protects Seniors and Disabled Adults from Financial Exploitation

New Jersey elder law attorneyWith technology becoming increasingly prominent in our every day lives, the risk of financial exploitation has increased as well. Those that are especially at risk include the elderly and adults with mental or physical impairments and scammers know to take advantage of them. Instances of financial exploitation commonly involve:

  • Telephone scams requesting money for a loved one in trouble; financial information; donations; or claiming you are the winner of a lottery or sweepstakes
  • Professional” scams where people are pressured into taking out loans or participating in investment schemes that promise unrealistic returns
  • Misuse of a Power of Attorney or joint bank accounts by family members

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Housebound For Veterans

Housebound for New Jersey veteransAccording to the 2012 U.S. Census brief, there are more than 12.4 million veterans age 65 and older living in the United States. The Department of Veterans Affairs (VA) is responsible for adjusting the level of benefits that veterans are entitled to receive. In addition, the Department of Veterans Affairs provides a pension service program to elderly veterans known as Housebound. Housebound entitles a veteran to receive additional monetary compensation on a monthly basis.

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