• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Home
  • Our Firm
    • About Our Firm
    • Attorney and Staff Profiles
  • Services
    • Asset & Business Planning
    • Dental Practice Law
    • Estate and Gift Tax Figures
    • Estate Planning Services
    • Family-Owned Businesses & Farms
    • Financial Planning Assistance
    • Incapacity Planning
    • IRA & Retirement Planning
    • Legacy Planning
    • LGBTQ Estate Planning
    • Medicaid and Elder Law
    • SECURE Act
    • Special Needs Planning
    • Trust Administration
  • Elder Law
    • Coping With Alzheimer’s
    • Emergency Medicaid & Nursing Home Planning
    • Guardianship & Conservatorship
    • Hospice Care
    • Medicaid Planning
    • Veteran’s Benefits
  • Resources
    • DocuBank
    • Elder Law
      • Elder Law & Medicaid Definitions
      • Elder Law Reports
      • Elder Law Resources
        • Carmel, Indiana Elder Resources
        • Fishers Indiana Elder Law Resources
        • Greenfield, Indiana Elder Law Resources
        • Greenwood Elder Resources
        • Indianapolis Elder Law Resources
        • Lawrence Elder Law Resources
        • Plainfield Elder Resources
        • Zionsville Elder Law Resources
    • Estate Planning
      • Estate Planning Checkup
      • Estate and Gift Tax Figures
      • Estate Planning Definitions
      • Estate Planning Reports
        • Advanced Estate Planning
        • Basic Estate Planning
        • Estate Planning for Niches
        • Trust Administration
      • Incapacity Planning Definitions
      • Is Your Estate Plan Outdated?
      • Top 10 Estate and Legacy Planning Techniques
    • Free Estate Planning Worksheet
    • Frequently Asked Questions
      • Asset Protection Planning
        • Business Succession Planning
      • Elder Abuse
      • Elder Law
        • Medicaid
        • Medicaid Planning
        • Planning for Long-Term Care
      • Estate Planning
        • Avoiding Estate Taxes
        • Estate Planning for Parents
        • Frequently Asked Questions for Families Without an Estate Plan
        • LGBTQ Estate Planning
        • Women and the Need for Estate Planning
      • Financial Planning
      • Incapacity Planning
      • Legacy Wealth Planning
      • Pet Planning
      • Philanthropy in Your Estate Plan
      • Probate
      • Power of Attorney
      • Small Estate Administration
      • Trusts
        • Trust Administration
        • Trust Administration
        • Serving as Executor
      • Understanding Your Social Security Retirement Benefits
      • Wills
        • Contesting a Will
    • Newsletter
    • Pre Consultation Form
    • Probate and Trust Administration
      • Bereavement Resources
      • How to Know if You Need Extra Help With Your Grieving
      • Loss Of A Loved One
      • Probate Resources
        • Carmel, Indiana Probate Resources
        • Greenfield Probate
        • Greenwood Probate
        • Indianapolis Probate
        • Plainfield Probate
        • Indiana Probate
        • Zionsville Probate
      • Things You Need To Do When a Loved One Passes Away With a Trust
      • The Mourner’s Bill of Rights
      • Things You Need To Do When a Loved One Passes Away With a Will
      • Trust Administration & Probate Definitions
  • Reviews
    • Our Reviews
    • Review Us
  • Areas We Serve
    • Boone County
      • Lebanon
      • Zionsville
    • Hamilton County
      • Carmel
      • Fishers
    • Hancock County
      • Greenfield
    • Hendricks County
      • Brownsburg
      • Plainfield
    • Johnson County
      • Franklin, Indiana
      • Greenwood
    • Marion County
      • Central Indiana
      • Indianapolis
  • Blog
  • Contact Us

Frank & Kraft, Attorneys at Law

Indianapolis Estate Planning Attorneys

CONNECT WITH US TODAY(317) 684-1100

Attend a Free Workshop
Home » 90-Year-Old Loses Thousands in Phone Scam

90-Year-Old Loses Thousands in Phone Scam

September 6, 2018Elder Law

elder law attorney

An elder law attorney at Frank & Kraft can provide insight into the issue seniors face as they get older. One issue is that many seniors face a big risk of financial loss. This risk could come from many different sources. Seniors may need costly nursing home care that they end up having to pay for out-of-pocket if they do not have a Medicaid plan to get care covered; they could experience high healthcare bills that eat into their nest egg; or they could end up being victimized by a scam. 

Frank & Kraft provides guidance on the best ways to address all of the different issues that could result in financial damage occurring to seniors. This can include making a determination as to whether seniors should no longer handle their own money and assets and should have a guardian or a trustee to take over the management of money. You should give us a call to find out about the different ways that we can assist in avoiding financial loss as you age.

One recent story underscored the importance of taking proactive steps to protect the assets of the elderly. The story was published by The Indy Channel and detailed how a 90-year-old woman lost thousands of dollars to a lottery phone scam.

Elderly Woman Loses Thousands to Phone Scam

According to The Indy Channel, a central Indiana woman who started multiple Christian ministries was the victim of a phone scam that cost her tens of thousands of dollars.

The scam calls began in April when the woman was told that she had won a Mega Millions Lottery. The caller claimed she won the lottery as a result of the fact that she had always paid her bills on time.  The callers told her that if she gave them $6,000, she would receive a prize including $500,000 in cash as well as a new car.

The scammers continue to call the elderly woman and they ask for more money to be paid out to them every single time that they call. A friend of the woman indicated that while he has been trying to prevent the 90-year old from answering the phone, the callers are relentless and she eventually does pick up their call.

The 90-year-old believes that she will still get this money, even though of course she has given the scammers a lot of money already and she has received nothing. Her friend who was interviewed for the Indy Channel story indicates that the 90-year-old desperately wants the money because she wants to help her family, her friends, and the church. He described the 90-year-old as a person with a huge heart, and indicates this generosity is what the scammers have been preying on. Despite calls to local and state authorities, the calls continue to come.

This senior is far from alone in falling victim to a lottery scam, as evidence from Bureau of Labor Statistic which was reported in Indy Channel shows that there were 500,000 people in the United States and Canada who all fell victim to lottery scams. Collectively, these victims lost in excess of $117 million. Senior citizens were the most common target of the scams, and many older people have lost substantial sums they cannot afford to lose while living on a fixed income.

Getting Help From an Elder Law Attorney

An elder law attorney at Frank & Kraft can provide guidance on protecting money as you age. Whether you are concerned about scams, nursing home care costs, other medication costs, or other issues, we can provide you with the help you need to explore asset protection options and choose the right tools to keep your wealth safe.

To find out more about how our firm can help you, join us for a free seminar. You can also give us a call at 317-684-1100 or contact us online to learn more.

  • Author
  • Recent Posts
Paul A. Kraft, Estate Planning Attorney
Paul A. Kraft, Estate Planning Attorney
Paul Kraft is Co-Founder and the senior Principal of Frank & Kraft, one of the leading law firms in Indiana in the area of estate planning as well as business and tax planning.

Mr. Kraft assists clients primarily in the areas of estate planning and administration, Medicaid planning, federal and state taxation, real estate and corporate law, bringing the added perspective of an accounting background to his work.
Paul A. Kraft, Estate Planning Attorney
Latest posts by Paul A. Kraft, Estate Planning Attorney (see all)
  • Updated Federal Gift and Estate Tax Figures for 2023 - January 26, 2023
  • Why Estate Planning Is Important for Multi-National Couples - January 24, 2023
  • When Do I Need to Update a Trust Agreement? - January 19, 2023

Other Articles You May Find Useful

caregiver
What You Need to Know If You Are a Caregiver
Alzheimer’s Awareness Month
November is Alzheimer’s Awareness Month
Indianapolis elder law attorneys
A Pre-Paid Funeral Plan Might Not Be a Wise Choice
Indianapolis elder law attorney
How to Find the Right Caregiver for a Parent
Indianapolis elder law attorneys
What You Need to Know about Elder Financial Exploitation
Indianapolis elder law attorneys
What Options Are Available for Elder Care?

Primary Sidebar

Frank & Kraft, Attorneys at Law

Download our free Estate Planning Worksheet

There's a lot that goes into setting up a comprehensive estate plan, but with our FREE worksheet, you'll be one step closer to getting yourself and your family on the path to a secure and happy future.

Follow Us

  • Facebook
  • Twitter
  • Linkdin
  • Youtube

Blog Subscription

Where We Are

Frank & Kraft Attorneys at Law
135 N. Pennsylvania Street Suite 1100
Indianapolis, IN 46204-2485
Phone: (317) 684-1100
Fax: (317) 684-6111

See Larger MapGet directions

Office Hours

Monday8:00 AM - 5:00 PM
Tuesday8:00 AM - 5:00 PM
Wednesday8:00 AM - 5:00 PM
Thursday8:00 AM - 5:00 PM
Friday8:00 AM - 5:00 PM

Map

frankkraft_sidbr_map

Footer

  • Advantages of Working With Our Firm
  • About The American Academy
  • Disclaimer
  • Privacy Policy
  • Sitemap
  • Contact Us

Connect with Us

  • Facebook
  • Twitter
  • Linkdin
  • Youtube
footer-logo

Frank & Kraft Attorneys at Law
Attorney Advertisement

© 2023 American Academy of Estate Planning Attorneys, Inc.

© 2023 · American Academy of Estate Planning Attorneys, Inc. | Disclaimer | Privacy Policy | Sitemap | Contact Us