We’ve all heard of stories of older people being swindled out of life savings and many of the victims are not ill and don’t have any dementia. But, according to an article in Science Daily, Mild Alzheimer's Patients Show Rapid Decline In Financial Skills And Increased Vulnerability To Fraud, Over One Year, “New research from UAB (University of Alabama at Birmingham) shows that patients with mild Alzheimer’s disease (AD) have a dramatic decline in their ability to make financial decisions over a one year period. The findings have strong implications for caregivers and health care providers in the areas of estate planning and fraud prevention.”
The article is interesting and a bit of an eye-opener, I think.
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1 comment:
Wow, I can see where care takers would be so concerned about everything else, that fraud wouldn't enter their radar screen.
Good column.
Terrie
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