Elder Law Clinic co-sponsors training program with WFU Medical School and N.C. Secretary of State

The Elder Law Clinic will co-host an elder investment fraud and financial exploitation prevention program  for health care providers from 11:30 a.m.-1:30 p.m. on Friday, March 23, at the Sticht Center Auditorium in the Wake Forest Baptist Medical Center.

The event, “Recognizing and Reporting Suspected Finacial Abuse in Your Older Patients,” is free and open to the public but reservations are required.  Interested individuals can contact the Elder Law Clinic for more information.  Program co-sponsors are the N.C. Secretary of State, the N.C. Bar Association Elder Law Section, and the Wake Forest School of Medicine Gerontology and Geriatrics Section.

Held in conjunction with the Investor Protection Trust (IPT) group, the program will take place as part of a national effort to train medical professionals to spot financial abuse of older patients, and will help train elders in basic principles of investment and saving, according to Elder Law Clinic Director Kate Mewhinney.  

“The EIFFE Prevention Program educates medical professionals about how to spot older Americans who may be particularly vulnerable to financial abuse, particularly those with mild cognitive impairment, and then to refer suspected investment fraud involving these at-risk patients to state securities regulators and/or to local Adult Protective Services,” the Investor Protection Trust writes on its website.

Program attendees will combine medical professions in a variety of fields, such as neuropsychology and again aging, and legal experts in areas that include the economics of aging, elder abuse, and investor education and fraud prevention. The program was founded after the Investor Protection Trust conducted its “Elder Investor Fraud Survey,” the results of which were released on June 15, 2010.

“The survey… gauged the knowledge and behavior of senior investors aged 65 and over as well as the views of adult children with at least one parent aged 65 and over,” the IPT writes. “The survey revealed 7.3 million older Americans – one out of every five citizens over the age of 65 – already have been victimized by a financial swindle. The survey also revealed that many adult children are worried about their elderly parents’ ability to handle their finances.”