Opening your doors to financial predators may create civil and criminal liability for Assisted Living Facilities.
Seniors fear outliving their assets and are constantly drawn to individuals whom they believe can help them. Often times these individuals are scam artists peddling worthless services or unsuitable financial products. Assisted living facilities who allow these individuals to make financial presentations in their buildings risk being accused of “assisting” in elder financial abuse. Current civil and criminal laws on financial abuse continue to evolve and assisted living facilities need to protect themselves from needless exposure to criminal elder financial abuse, civil liability, and negative publicity. This session will address the Veteran’s Aid and Attendance Benefit scams, unsuitable annuities, and other financial schemes that target seniors living in assisted living facilities.
Presenter: Prescott Cole, Esq., California Advocates for Nursing Home Reform
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