Elder abuse legislation is becoming more prevalent.
It is no secret.
The elderly are often targets of physical, financial and emotional abuse.
Unfortunately, there are lowlifes who refuse to “respect their elders.
Fortunately for residents of the "Volunteer State," according to a recent Nashville News Channel 5 report titled “New Legislation Targets Elder Abuse,” lawmakers in Tennessee are working to protect the seniors in their state.
By introducing and working to pass Senate Bills 1192, 1230 and 1267.
What do these bills do?
Introduced by the Elderly and Vulnerable Adult Abuse Task Force, these bills are designed to protect the elderly from mental, physical and financial abuses while increasing penalties for those who perpetrate such crimes.
How will they work?
- Increase the communication between different agencies in the government.
- Make financial confidentiality laws less strict when it comes to reporting.
- Grant financial institutions more authority to act upon suspicions.
Why are laws like these important?
Elder abuse is prevalent.
In fact, the National Council on Aging reports that about 10 percent of Americans who are 60 or older have been victims of elder abuse.
And the incidents of abuse have increased.
Assault and financial abuse alone have increased by 20 percent in the past decade.
This does not even include all cases.
The current estimate for unreported cases is one in 23 cases.
Another reason this is important legislation?
The elderly population is the fastest growing—especially those who are 85 or older.
In 2010, 13.4 percent of Americans were at least age 65.
This legislation could help a lot of folks and their families.
Where are these bills now?
They are being prepared to go to committees, but are expected to pass with significant support from both sides of the aisle.
Remember: “An ounce of prevention is worth a pound of cure.” When making your financial, tax and estate plans, do not go it alone. Be sure to engage competent professional counsel.
For more information about estate planning in Overland Park, KS (and throughout the rest of Kansas and Missouri), visit our estate planning website and be sure to subscribe to our complimentary estate planning e-newsletter while you are there.
Reference: Nashville News Channel 5 (February 28, 2017) “New Legislation Targets Elder Abuse”