Family members steal $20 billion a year from elderly relatives, nearly three times what strangers take. Most goes unreported because victims won't press charges against family. The theft spikes at turning 80, a dementia diagnosis, or getting power of attorney.
You're all worried about scammers stealing from your parents when you should be worried about the next big family dinner. Family members steal $20 billion a year from elderly relatives. Strangers, $8 billion a year. But keep this number in mind: 87% of family theft is never reported. Why? Because Grandma doesn't want to call the cops on her grandson. The people with access to your parents' accounts, the caregivers, the helpful nephew, They're the ones emptying the bank account. And here's what nobody tells you. Family theft almost always happens at a major life event. Parent turns 80, parent gets diagnosed with dementia. These are the moments when someone gets access and the safeguards aren't in place. That's why I created Life Event Checklist. What documents need to be in place? What protections do you need to demand before these moments happen? Parent turns 80, there's a checklist. Someone asks for power of attorney, there's a checklist. Because $20 billion in theft is what happens when families are not prepared for the big life events. Comment "protect" below and I'll send you the complete set of life event checklists free.
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