"Preventing Elder Financial Exploitation: Lessons from an Evicted Couple's Story"

An elderly couple in California was evicted from their home of 20 years after their son transferred ownership to another person. The couple, who didn't include their names on the title due to a language barrier, were left with nothing and their Social Security income is not enough to afford a new home or rent. Elder financial abuse is a widespread issue, with up to five million older Americans affected each year. To avoid exploitation, individuals should appoint a power of attorney, monitor their credit history, consult a trustworthy financial adviser, watch out for scams, and create a living will.