Senior Financial Abuse: What Should You Do

Financial abuse of an elder is the illegal or improper use of a senior’s money, property, or assets.  Some examples are cashing an elderly person’s checks without them knowing or authorizing it.  Signatures can also be forged or the elderly person may be deceived into signing certain documents.  Some abusers go so far as to outright steal from an elderly person.

This type of abuse can be indicated by sudden changes in how the elderly person manages their bank account, such as the withdrawal of large sums of money.  There may also be additional names on their bank account.  An abuser may also make withdrawals with permission from their bank account with the elderly person’s ATM card.

Family members, especially, may try to coerce a senior into making radical changes in their Will or other financial documents.  These relatives often seek to increase their inheritance when the elderly person dies.  People close to the elderly person may also steal possessions from them without their knowledge, often when the elderly person is incapacitated or ill.

If an elder is receiving insufficient care despite being financially capable to fund their own care, then elder abuse could be the reason.  It is imperative that an elder get the the appropriate level of medical care and aid.  Many relatives who…

This article was sourced from Rocket Lawyer.

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