Financial elder abuse can happen and this is defined as any type of abuse of authority or the use of real personal property belonging to an elderly person. Financial elder abuse can be distressing to the elderly person and their family, it can cause emotional stress, cause the loss of their estate and their credit score. Financial elder abuse often is at the hands of a paid care taker or family member that convinces or forces the elderly person to use money, savings, savings bonds, assets and property that they would normally not use. One of the things that can also occur to the elderly person is financial abuse that involves embezzlement or money laundering that occurs without the knowledge of the elderly person.
Types of Financial Elder Abuse
There are many forms that financial elder abuse can take and some of these can include: fraud, theft, embezzlement and forgery of signatures. The forgery of signatures can include alterations of wills and inheritance documents and other forged documents, financial elder abuse of Medicare or the Medi-Cal System. The elderly person that is taken advantage of is a victim of financial elder abuse, even if it is at a store or convinced to purchase unneeded home repairs or other goods.
Consulting a Financial Elder Abuse Lawyer
When an elderly family member has been taken advantage of they are often unaware or they are forced or coerced into spending money, savings or assets they would not normally have spent. This can be emotionally upsetting to the elderly family member and the family. It can also be detrimental to the financial stability of the elderly resident. If you believe your elderly loved one has been a victim of financial elder abuse by a paid care taker, family attorney, estate manager, nursing home facility or any other party, one way to relieve the emotional stress is to speak with a financial elder abuse attorney to protect the elderly family members rights.
To speak with a dedicated financial elder abuse lawyer with the experience needed our attorneys can be reached at 888-400-9721.