Signs of Elder Financial Exploitation

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Older adults deserve compassionate and attentive care, but unfortunately they are often the victims of abuse and exploitation. There are many malicious people who are willing to sacrifice the wellbeing of an older adult for their own gain. By learning to recognize signs of elder abuse like financial exploitation, you have a better chance of stopping serious issues before they expand out of control.

What is Elder Abuse and Exploitation?

Elder abuse is defined by the National Committee for the Prevention of Elder Abuse as, “any form of mistreatment that results in harm or loss to an older person.” It can occur in many forms, including physical, psychological, sexual, and financial abuse, domestic violence, and neglect. It is estimated that up to six percent of the elderly experience some type of abuse that leads to devastating effects like loss of independence, homes, life savings, health, security, and dignity.

In today’s age of technology, exploitation has become easier than ever. Scammers can use phone numbers and email addresses to bait financial information out of unsuspecting older adults. Some pose as family members in need, others pretend to run lucrative contents, and many simply steal the information they want. Sadly, some actually are friends, family members, or acquaintances with bad intentions.

What Signs Indicate Elder Financial Exploitation?

Elder abuse can be recognized in a number of ways. It is so important to differentiate signs of abuse from symptoms of deteriorating mental health in order to prompt timely intervention and reduce the effects on the older person’s wellbeing.

  • Your loved one is unaware of major financial occurrences such as large bank drafts and checks.
  • Unusual and unexpected home repair or medical bills that do not align with a current need.
  • A new caregiver, friend, or romantic relationship developed suddenly and unexpectedly.
  • Your loved one responded to a call demanding or begging for money or personal information.

Taking the Appropriate Steps

If you suspect elder abuse of a loved one, immediate action is essential. Contact an elder law practice like the Law Offices of Kimberly K. Muenter, P.A. in Tampa, Florida. Attorney Muenter offers comprehensive legal support and defense for every issue affecting seniors, so you can trust that her expertise will help you respond appropriately to elder abuse. Call Attorney Muenter now at 941.567.1671 to learn more.