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Financial Planning > Behavioral Finance

Elder Abuse Resources for Advisors

By Olivia Mellan

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Kathy Greenlee, assistant secretary for Aging and head of the Administration for Community Living at the U.S Department of Health and Human Services, suggests these resources for advisors who want to help protect clients from elder abuse:

Signs of financial abuse to watch for: the U. S. Treasury Department’s FinCEN advisory to financial institutions. This site also includes advice on filing Suspicious Activity Reports Regarding Elder Financial Exploitation.

Advice if you suspect abuse: the FinCEN Regulatory Helpline, 800-949-2732.

More information about reporting abuse: the National Center for Elder Abuse .

Charts that clarify state-by-state reporting laws and other legal resources: the American Bar Association’s Commission on Law and Aging. 

Privacy guidance: the Consumer Financial Protection Bureau.

Eldercare support information: Eldercare Locator or 800-677-1116.

Indications of different types of elder abuse: the National Center for Elder Abuse.

For a national perspective: the Elder Justice Roadmap project.

Recommendations for federal action: the Elder Justice Coordinating Committee.

For a guide aimed at advisors, from the National Council for Aging Care: Elder Abuse Resources for Advisors.

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