Beware the Nursing Home Bandit

Elder financial abuse victim who gave power of attorney to daughter

I’ve never met anyone who was a victim of elder financial abuse.

That’s the nature of the problem.

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The 7-year-old Who Supported Her Dad

Young girl loans money to her father

(This story is about a girl)

Here’s a twist on the usual theme of kids of any age who borrow from their parents.

Mei is an attractive, petite woman in her late twenties who works in the advertising department of a large retail store. A first generation American-born Asian, she told me about regular loans to her father over the course of nearly her entire life.

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How to Loan Money to a Friend

If you loan money, get collateral from the borrower like a piece of jewelryYes, you’re reading the title correctly.  It’s not “Don’t Loan Money.”

Traditional personal finance advisors say you should never loan money to friends or family members, right?

Count me in as a fully tenured professor in that School of Thought.

What if you decide to ignore the advice and become a lender?

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