Recognizing financial exploitation or scams targeting elderly individuals in Michigan requires awareness of common tactics used by perpetrators and signs of potential financial abuse. Some red flags to watch for include:
- Sudden changes in financial habits or behavior, such as unusual or unexplained withdrawals, transfers, or purchases.
- Missing money or valuables, including cash, jewelry, or personal belongings.
- Unauthorized changes to legal or financial documents, such as wills, trusts, or power of attorney agreements.
- Isolation or control by a caregiver or family member over the elderly person's finances and assets.
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