Today, you may want to think a bit more about how you can help take care of your aging parents, especially when it comes to managing and protecting their finances.
June 15 is World Elder Abuse Awareness Day, started by the International Network for the Prevention of Elder Abuse and the World Health Organization at the United Nations.
Cases of elder abuse, particularly financial exploitation, are far too common, although they are vastly under reported.
Many victims suffer in silence. Experts say they are often too ashamed or may be unaware of the abuse due to cognitive impairment. Only one in 44 cases of elder financial abuse is ever reported.
But it could happen to you or your loved ones if you don't safeguard their finances. Here are five steps to take to protect yourself as well as your aging parents: