Tag Archive for: elderly people

Paying for Long-Term Care While Protecting Your Identity [Episode 161]

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Attorney-CPA Joe Cordell and co-host Jill Enders are joined by Chris Orestis, president of LifeCare Xchange and author of “Help on the Way” and “A Survival Guide to Aging”. They discuss ways seniors can both pay for long-term care and protect their bank accounts and identities from potential threats.

Chris breaks down how a long-term care life settlement can be a solution to long-term care expenses. He helps navigate the complications surrounding life insurance policies and offers tips on utilizing them to the benefit of seniors looking to pay for long-term care.

The group transitions to discussing identity theft. Chris highlights how the COVID-19 pandemic has made seniors more vulnerable to scams and cyber threats. They discuss what scammers may gain from knowing a senior’s social security number, as well as highlighting potential bank information scams.

Chris offers recommendations to children of seniors, in order to protect the senior from identity theft. He discusses the IRS impostor scam and how to protect those vulnerable, as well as the ins and outs of credit card fraud.

Be Vigilant of Scams During the Coronavirus Pandemic [Episode 143]

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Attorney-CPA Joe Cordell and co-host Jill Enders are rejoined by the Better Business Bureau’s Don O’Brien to break down all of the potential scams that seniors could be vulnerable to during the Coronavirus (COVID-19) pandemic.

Don highlights how scammers are utilizing the headlines of the news, in order to capitalize on the fear that the pandemic has inspired. He talks about how Facebook ads has become a primary medium for many of the scams (6:40), as well as the issues surrounding Missouri pastor Jim Baker, who made headlines for having guests on his show that were attempting to sell a false cure to the Coronavirus (8:26).

Don also dives into phone call scamming and how that has increased during these challenging times (13:00). He also reminds seniors of the grandparent scam (17:00), and the role that adult children play in taking care of elderly parents (21:35).

Afterward, Joe and Jill are joined by TuckerAllen attorney Teresa Yao to discuss some of the most important estate planning decisions that you can be making during this pandemic (31:00). She describes what a durable Power of Attorney is (35:25) and how important it is to be proactive in your decision-making both from a medical and financial perspective (42:50).

Fraud Awareness Among Seniors [Episode 133]

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Attorney-CPA Joe Cordell and co-host Jill Enders are joined by Don O’Brien, of the Better Business Bureau, to discuss fraud and methods of deception that seniors may become victims of. He breaks down how social media and other newer forms of communication can cause scams to spread, forcing seniors to be wary of potential fraud situations.

They talk about the misplacement of trusts in older generations and how social security scams and virus popup scams can plague seniors and their personal information. Joe and Jill stress the importance of speaking to seniors and discussing these types of potential scams with them, so that they do not fall victim to them.

Joe and Don talk about the inclinations of older generations to respond to charitable requests and how that may lead to fraud situations. Don talks about what the grandparent scam is and how robocalls are targeting seniors. They also talk about call centers and how area codes can be deceptive, when it comes to robocalls.