Retired in America

Your Guide to a Confident Retirement

  • Home
  • Personal finance
  • Retirement Life
  • Saving & Spending

10 Frauds Seniors Are Often Confronted With

December 6, 2019 · Personal finance
A senior couple reviewing documents with a professional at a dining table.
An elderly couple reviews legal documents with a professional advisor in a library to prevent estate fraud.

10. Estate Planning and Timeshare Exit Fraud

Many seniors desperately want to simplify their estates to avoid burdening their children. Scammers prey on this noble intention. One prevalent method involves timeshare cancellation scams. Companies promise to legally sever your timeshare contract for a hefty upfront fee, often running into the thousands of dollars. They provide official-looking paperwork but ultimately do nothing, leaving you poorer and still liable for timeshare maintenance fees.

Similarly, phony estate planners sell overpriced, boilerplate living trusts that are either legally invalid or entirely unnecessary for your specific financial situation. They use high-pressure seminars offering free lunches to sell these useless documents, often using the opportunity to glean details about your total assets.

For trusted guidance on navigating complex consumer contracts and protecting your estate, consult organizations like AARP, which provides vetted resources and warnings about current schemes targeting older consumers. Always consult a licensed local attorney specializing in elder law rather than purchasing generic estate kits from traveling salespeople.

Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13

Share this article

Facebook Twitter Pinterest LinkedIn Email

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Latest Posts

  • An older couple plans their retirement at a sunny wooden table with maps. 10 Ways Retirees Supplement Their Pension Income
  • A warm watercolor illustration of a cozy apartment protected by a glowing golden dome, symbolizing renters insurance security. What Renters Insurance Really Covers - and What It Doesn't
  • A senior woman sits thoughtfully at a wooden table with a notebook and coffee, planning in the warm morning light. The Latest CPI Data Could Change Retirees' 2027 COLA—Here's Why
  • An illustration of a retired couple standing on their sunny porch, looking out at a garden, symbolizing financial peace of mind. Here's How Much Money Retirees Could Keep if Social Security Taxes End
  • A senior woman at a kitchen table checking a circled date on her calendar next to a laptop. Update: Social Security Is Changing How Millions Get Paid - Here’s What to Know
  • A man in his 60s reviews retirement savings charts on a tablet at his kitchen table in the morning light. Is Your 401(k) Keeping Pace? See the Average Balance by Age in 2026
  • A watercolor illustration of a garden path with signs for retirement ages 62, 67, and 70 under a bright, sunny sky. 6 Easy Steps to Estimate Your Social Security Benefits
  • A panoramic view of the twin crater lakes of Sete Cidades in the Azores, featuring one blue and one green lake surrounded by lush green hill 9 Scenic (and Cheap) Destinations That Rarely Disappoint
  • A retired couple stands amidst moving boxes in their living room, bathed in warm afternoon sunlight during their relocation process. 8 Common Relocation Mistakes Retirees Tend to Make
  • 7 Costco Items Worth Buying in Retirement Because They Actually Lower What You Spend Each Month

Newsletter

Get retirement planning tips, savings strategies, and lifestyle insights delivered to your inbox.

Related Articles

These 11 Cities Are Where Seniors Are Most and Least Financially Secure

Discover which 11 cities offer the strongest economic safety nets for retirees and which locations…

Read More →
An older couple plans their retirement at a sunny wooden table with maps.

10 Ways Retirees Supplement Their Pension Income

Discover ten actionable, practical strategies to supplement your pension income, from optimizing Social Security benefits…

Read More →
Defined contribution retirement plans in the private sector

25 Tips to Boost Your 401(K) Now!

9. Make Sure You Max It Out So you’re trying to figure out how to…

Read More →

7 Essential Tips for Seniors in These Uncertain Times for Economy

7. Calculate your safe withdrawal rate If we all knew when we were going to…

Read More →

10 Essential Ways To Protect Your Retirement Accounts From Hackers

How inefficient could we be to advise on using a retirement planning app without giving…

Read More →

10 Social Security Alternatives To Earn More in Retirement

Downsizing – While it might not be the first thing that pops into your head, it…

Read More →

7 Important Changes to Social Security in 2022

The $17,166 Social Security bonus most retirees completely overlook If you’re anything like other Americans,…

Read More →

25 Changes to Your 401(K) Plan That Can Save Your Retirement

Roll Your 401(k) Over Switching jobs? Don’t worry, you can and should roll your 401(k)…

Read More →

7 Retirement Financial Mistakes to Avoid

Not Investing Properly Or, as we like to call it, not investing at all. But…

Read More →
Retired in America

Your Guide to a Confident Retirement

Inedit Agency S.R.L.
Bucharest, Romania

contact@retiredinamerica.com

Trust & Legal

About Us

Editorial Policy

Advertiser Disclosure

Frequently Asked Questions

Contact Us

Disclaimer

Terms and Conditions

Privacy Policy

Subscribe

Unsubscribe

Categories

  • Personal finance
  • Retirement Life
  • Saving & Spending

© 2026 Retired in America. All rights reserved.