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Your email address will not be published.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

  • A senior man sitting at a wooden table examines an investment portfolio document next to a notebook and coffee mug. 4 Boring Moves To Do Now to Add Hundreds to Your Social Security Check
  • A senior woman sits at a wooden table holding a mug and gazing out a bay window beside a newspaper and open notebook. 9 Things Single or Widowed Retirees Should Know
  • Senior couple sitting at a wooden kitchen table reviewing paperwork and financial notes with a calculator and coffee. 10 Financial Traps That Catch Retirees Off Guard
  • A smiling senior woman reaches into a wooden pull-out drawer filled with labeled food jars in a sunlit kitchen. 15 Simple Fixes for Everyday Senior Life
  • Older man in a green jacket reading a pamphlet beside a wooden arrow sign pointing toward voter information. The Issues Voters Say Matter Most Heading Into November
  • A settlement statement paper on a desk alongside file boxes labeled closing documents, property taxes, and renovations. Here's How Long You Should Keep Tax Records If You Own a Home
  • A senior woman sits at a wooden dining table reviewing a monthly checking statement alongside a notebook and coffee mug. 5 States With Extra Payments on Top of Federal Benefits
  • Older couple walking down a sunny small-town sidewalk past brick storefronts, a hardware store, and a bakery. The 10 Best Small Towns for Retirees to Stretch a Social Security Check
  • An older man in a denim jacket organizes hardware behind a store counter beside a shift schedule notebook. What Happens to Your Social Security If You Work Part-Time After 65
  • A stressed older couple sits on the floor of an empty living room surrounded by unpacked cardboard moving boxes. 5 States Retirees Regret Moving to, Based on Cost and Lifestyle

Newsletter

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

Related Articles

12 Best Kirkland Products You Should Get at Costco

Discover the top 12 Kirkland Signature products at Costco that help retirees stretch their fixed…

Read More →
An older man in a denim jacket organizes hardware behind a store counter beside a shift schedule notebook.

What Happens to Your Social Security If You Work Part-Time After 65

Discover how working part-time after 65 affects your Social Security benefits, including the earnings test…

Read More →
An active retired couple laughing together on a wooden lakeside porch in New Hampshire during a warm autumn morning.

The 10 States Where Retirees Receive the Highest Median Social Security Benefit Checks

Discover the 10 states where retirees receive the highest median Social Security checks and understand…

Read More →
Minimalist illustration of a tiny golden block labeled $1,000 at the edge of a vast canyon, symbolizing the retirement savings gap.

Can Trump’s $1K Senior Account Really Close the Retirement Gap? What Boomers Should Know

Discover how the new federal $1,000 retirement match works, why it isn't enough to close…

Read More →
A stylized gouache illustration of a couple walking along a path divided into Taxable, Tax-Deferred, and Tax-Free segments.

In What Order Should You Tap Your Retirement Funds? (Find Out Here!)

Discover the most tax-efficient retirement withdrawal strategy to preserve your savings, minimize IRS taxes, and…

Read More →

14 Things To Sell When You’re Ready To Retire

Old Computers – If you still have your first Macintosh, there are pretty high chances it’s…

Read More →
A warm gouache illustration of a retired couple looking over a vast US landscape, holding a road map under a golden sky.

The States Where SS Is Completely Exempt From State Income Tax in 2027

Discover which 42 states completely exempt Social Security from state income tax in 2027 and…

Read More →

11 Social Security Mistakes You Have To Avoid Before You Retire

The Mistake: Waiting Until 70 To Collect Spousal Benefits If you’re well aware of increased…

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 →
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.