Financial abuse of the elderly does not get the same attention as physical abuse, but yet it is a serious concern. Nothing is more heartbreaking than a child, financial advisor or caregiver taking advantage of an elderly person by manipulating the finances or through...
Most California residents think of elder abuse as physical abuse or neglect that occurs in nursing homes. However, financial abuse of an elderly person can also happen. It’s important to recognize the signs of this abuse at the hands of your loved one’s guardian or...
Older California residents can sometimes fall victim to elder financial abuse. Sadly, this type of fraud is often perpetrated by someone known by and close to the victim. What is elder financial abuse? Elder financial abuse is a crime that occurs when someone takes...
Older California residents should be aware of financial elder abuse by fiduciaries. Recognizing the signs is important. What is a fiduciary? For these purposes, a fiduciary is a trusted person who manages a person’s affairs when they are unable to do so themselves....
In California, one type of elder abuse that sometimes occurs is financial exploitation. In some cases, older adults are exploited by conservators who have been appointed by courts to protect their wards but instead take advantage of them. It is important for family...
When an adult is unable to look after their finances due to dementia or other health reasons, a trustee or conservator is often chosen to manage their money and assets on their behalf. Aging adults often establish trusts for this reason, giving control of their...
Many elderly California residents have individuals who handle their finances for them. Many times older individuals have difficulties dealing with the public in general, and many are actually incapable of handling their own financial affairs. This creates a real...
Your elderly family member uses their savings to provide for their needs, which is why you may be worried that someone will take advantage of their situation and steal from them. Unfortunately, financial abuse is common, and anyone can take your loved one’s money if...
While Californian adults of almost any age can potentially be targeted for financial abuse, most often, the victims are senior citizens. Elderly people, whether here in Newport Beach or elsewhere in the country, can be particularly vulnerable to this form of abuse....
Financial abuse of the elderly is not uncommon. Sadly, and not surprisingly, abusers usually are family members, caregivers or trusted friends. These people already play a role in their lives. They have been inside their homes, likely have a key to enter and know...