Vincent, Romeo & Rodriguez, LLC
Call Now, For Phone Consultation
Denver Metro Office 303-500-5859
Boulder County Office 303-720-7260

Helping elderly parents avoid scams and financial abuse

As parents get older, many adult children are finding themselves in a position to provide care and support for them. This might mean living with them, visiting them every week in a nursing home facility or calling them more frequently to check in on them.

However, if you are invested in protecting your parent’s well-being, providing care and support shouldn’t stop at living arrangements or occasional phone calls. You can also take steps to protect them from common scams and financial abuse.

Common scams targeting the elderly

There are various ways people target the elderly to scam them out of money or property, including:

  • Posing as a Medicare representative and requesting personal information or providing bogus services
  • Fabricating funeral expenses or debts and then requesting payment from widows or loved ones of a recently deceased person
  • Soliciting money for fake charities
  • Pretending to be a family member in trouble and asking for money to help
  • Lying about having a large amount of money they will split with the target if he or she makes a small initial investment
  • Sending fake emails from legitimate companies and requesting personal information
  • Telemarketers claiming the target has won something but must release funds or personal information to access the prize

Protecting your parent

To help your own parents avoid these scams and protect their money and property, be aware of these tactics. Talk to your parent about them, as well.

It is also important to let them know they can always contact you with questions or concerns. Remind them to never give out their personal information, especially in an email or over the phone, and consider giving them a scripted response that allows them to respond politely but firmly to potential scammers.

Another option you might consider is to set up spending and account safeguards at their bank to prevent unauthorized access or excessive spending.

Often, schemers target people who are trusting, unfamiliar with technology and unable or unwilling to ask loved ones for help. You can help keep your parents and their money safe by keeping lines of communication open and putting additional measures in place to secure their assets.

No Comments

Leave a comment
Comment Information
Email Us For a Response

Contact Our Firm

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Office Location:

Louisville Office
1805 Hwy. 42
Suite 100
Louisville, CO 80027

Phone: 303-720-7260
Fax: 303-604-6052
Louisville Law Office Map

Englewood Office
5460 South Quebec Street
Suite 333
Englewood, CO 80111

Phone: 303-500-5859
Fax: 303-723-8814
Englewood Law Office Map

Phone Numbers:
Phone Numbers:
    • Super Lawyers
    • Super Lawyers
    • ACTEC | The American College Of Trust And Estate Counsel
    • Top Lawyers 2015 | 5280
    • ACTEC | The American College Of Trust And Estate Counsel
    • Top Lawyers 2015 | 5280
    • Life Care Planning Law Firms Association
    • National Academy of Elder Law Attorneys, Inc
    • NELF | National Elder Law Foundation