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How To Defeat One Common "Grandparent Scam"

11/19/2014

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There are a number of so-called "Granny Scams." They account for losses by seniors of as much as $2.9 billion each year. This one isn't new, but it bears a look anyway. We should realize, too, that con artists don't just scam the dodo birds. They can catch intelligent, able people like US, too.

Once we're a bit older we can get tripped up because our hearing ISN'T what it once was, it's embarrassing to admit we don't recognize the voice on the phone, and we were brought up to be kind when our young relatives need our help.

To watch the video report from Peter Greenberg of CBS News, click here.

The second time I watched the report I noticed that the woman was holding an AARP book. It's titled: Outsmarting the Scam Artists: How to Protect Yourself From the Most Clever Cons. At first I wanted to recommend it, but while there are mainly positive reviews, there are a few that say the content is dated and lacks internet examples, even though the book was published in 2012. Can anyone recommend this title? Or another resource you've used to stay ahead of the criminals? Send me a message.

Bill Lamb
Nov. 19, 2014


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    William A. Lamb is an attorney in Chelsea, Michigan who practices in the areas of estate planning, probate law, elder law, and Medicaid qualification & long-term care planning.  He also blogs about these subjects for the Chelsea Estate Planning blog. As a public service, Bill hosts workshops where attendees gain hands-on experience learning the critically important facts they must know as they - and their loved ones -grow older.

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