According to the American Society on Aging (ASA), any and all types of elder abuse, including financial abuse, should be reported to your local Adult Protective Services (APS) office.

What do you do when your elderly parents have no money?

• So, what do you do when you have aged parents who don’t have any money?
• – They should be aware of what they own and what they owe.
• Selling, relocating, and/or working to generate cash are all options.
• Inquire for assistance from your family, friends, and members of your community.
• Investigate and make advantage of the numerous federal, state, and local resources accessible to low-income elderly citizens.

How can I Help my aging parents financially?

• Selling, relocating, and/or working to generate cash are all options.
• Inquire for assistance from your family, friends, and members of your community.
• Investigate and make advantage of the numerous federal, state, and local resources accessible to low-income elderly citizens.
• It will take a collaborative effort to assist you and your parents in navigating this sort of circumstance.
• How Do You Provide Financial Assistance to Aging Parents?

What happens when elderly parents become victims of financial scams?

The majority of the time, when elderly parents fall victim to a financial fraud, it is their adult children who must pick up the pieces. It may be time-consuming, expensive, and unpleasant to go through the process.