Dementia can impact a person’s judgement, memory, and thinking skills, making them vulnerable to financial abuse. It may be more difficult to recognize scams or manage finances effectively.

It is important for people living with dementia and their families to take steps to protect their finances. Our Preventing Financial Fraud for Older Adults with Alzheimer’s and Other Dementias tip-sheet has some practical steps including:

• Set up financial safeguards
• Simplify financial management
• Monitor Financial Activity
• Protect personal information
• Utilize community resources
• Be aware of scams like people impersonating government agencies, grandchildren, or trusted financial institutions
• Learn about social media safety
• Enhance banking security
• Stay informed about local scams from trusted resources
• Create a support network to help manage finances

We encourage you to use this resource to start conversations with your family and friends. Download the tip sheet.

Special thanks to Negin Dadmarz who created this tip sheet during her graduate studies internship at Alzheimer’s Los Angeles.