Medicare open enrollment begins Tuesday! Visit the AARP Medicare Resource Center for the information you need to make your best choices.

Safeguards from Abuse

Posted on 08/31/19 by TheAARPBulletin

Elder financial abuse photo

Older people, especially those with cognitive decline, are vulnerable to financial exploitation. The move from pensions to defined contribution funds adds to the risk as retirees handle their own retirement savings.

The legislature recently approved a measure that adds “undue influence” as a factor in defining financial abuse of an older or incapacitated person.

The term protects those whose loved ones might use their closeness to a vulnerable person to steal financial assets.

The law came about after recommendations from AARP West Virginia and other partners on the West Virginia Financial Exploitation Task Force.

The law also creates a path for victims to get a protective order to keep perpetrators away from them and their assets.

Find out more at aarp.org/wv.

This story is provided by AARP West Virginia. Visit the AARP West Virginia page for more news, events, and programs affecting retirement, health care, and more.

More from AARP in Charleston

Tell Us What You Think

Please leave your comment below.

You must be logged in to leave a comment.

Upcoming AARP Events

View All AARP Events »

AARP Member Card

Join or Renew Today

JOIN FOR JUST $16 A YEAR

  • Immediate access to your member benefits
  • Discounts on travel and everyday savings
  • Subscription to the award-winning AARP The Magazine
  • An ally on the issues that matter most to you in Charleston
  • Free membership for your spouse or partner
JOIN NOW