Elder Abuse of Financial Exploitation


The elderly are prone to all kinds of violence because of weak and fragile in nature. Elder abuse can happen at home, in nursing homes, long-living facility or other senior care. Because of known vulnerabilities, they can be particularly susceptible to financial exploitation and identity theft schemes. Very often people who commit such crimes against the elderly are the ones who are closest to them and have the opportunity to take full advantage of them.

Aside from the age of the victim, elder abuse can affect every race, every socio-economic background, religion, education and geographic location. Elder abuse is a global problem, plagued nursing home facilities can live and private homes worldwide.

Unfortunately, many suffer elder abuse victims in silence. Either they have no family or friends to turn to, or they feel that their cries for help are ignored and they fear reprisals from their abusers. Some victims of elder abuse are not even aware that they are violent and financial exploitations go undetected indefinitely or until it is too late and the damage is already done.

Many elder abuse victims remain silent because they fear the consequences their families might face if they are criminally prosecuted, while others are too embarrassed to admit that they have lost their money to unscrupulous predators. Others fear that no one will believe them, chalking up their allegations to hallucinations or Alzheimer.

Financial abuse consists of theft or embezzlement of money or other property from the elderly. It can be as small as taking money from your purse or wallet his victim and as insidious and cunning and turning the property of the victim of a violent man.

It is important to be aware of if you suspect that a loved one has fallen prey and predators. Keep an eye out for unusual account activity, such as withdrawals from an ATM when the person is at home or at a time when they could not get to the bank.

Also, look for unusual debit account their signatures on checks do not resemble their signature, strange credit card transactions, unpaid bills when someone else is designated to pay the bills, lack of personal amenities, changes in spending patterns or odd looking stranger who begins close friendship and offers to address elder’s finances for them.

A hint that there might be something to worry about is social isolation. If friends or family members are denied access or interact with the elderly, it could be something to worry about. Furthermore, if the above is not able to speak freely and without care of it now, it can give you concern.

Elder abuse can also include telemarketing fraud, identity theft and predatory lending. The more intimate level, even family members can take advantage of their relatives. People with power “mandate” can abuse their position by taking money from the bank as a senior, the transfer of assets and even put over a long term care facility against their will.

elderly can be abused by family members, conservators, carers, trustees, representative payees, financial planners, lawyers and friends among others. If you suspect that you or your loved one has been the victim of elder abuse, contact warm and estate planning attorney today before it is too late.


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