Financial Exploitation of the Elderly
Do not ignore your fears if you have reason to suspect that your elderly
family member, friend, or neighbor is being financially exploited by a
caretaker or another individual. Investigate the situation or talk to
the authorities right away. You can also talk to a New York and New Jersey
nursing home abuse lawyer about the victim's legal options. Financial
exploitation is a serious and - some experts believe - a largely unreported
area of elder abuse.
Signs that could indicate the financial exploitation of an elderly victim include:
- Missing items in the senior's home
- Sudden changes in the senior's last will and testament, including changes
to the power of attorney
- Substantial withdrawals from the senior's checking and saving accounts
- Unpaid bills signifying a change in the senior's economic situation
How widespread is financial elder abuse?
One study conducted by the National Association of Adult Protective Services
Administrators for the National Center on Elder Abuse in 2000 found that
financial abuse constituted 13 percent of elder abuse accusations investigated
by authorities. Many experts believe that much financial exploitation
of elderly victims is never reported. Further research needs to be conducted
in order to ascertain more about this form of elder abuse.
Fighting for Your Rights in New York & New Jersey
If you have reason to believe that you or an elderly friend or family member
is suffering abuse of any kind, including financial abuse, talk to an
attorney with experience in elder abuse law. At
Morelli Law Firm, our lead nursing home abuse attorney has more than 14 years of experience
in the legal industry. Our highly regarded law firm has received inclusion
in some of the nation's most prestigious legal lists and organizations,
Super Lawyers®, The Best Lawyers in America®, and The National Trial Lawyers "Top
100 Trial Lawyers."
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