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Financial Elder Abuse Archives

Protect loved ones from financial elder abuse with our help

What many California residents may not be aware of is that family members and caregivers are often the most common perpetrators of emotional and financial elder abuse. As upsetting as it is to hear, the very people who are entrusted to ensure their safety and security are often the very people who are violating them. This is because caregivers and certain family members may not only get to see the elderly individual multiple times a day, but they also get to gain their trust at a time when they feel especially vulnerable.

New law aims to prevent financial elder abuse

We often focus on the care and well being of an elderly loved one. As it has been mentioned previously on this blog, financial elder abuse often involves caregivers. That is, today, the very people who have been assigned to ensure their emotional, financial and physical safety are financially exploiting elderly individuals. This is generally because caregivers are in a unique position to spend lots of time with them and gain their confidence. Recently, a new phenomenon has emerged in which caregivers have been marrying their clients as a way to further their financial exploitation scheme.

Is one form of elder abuse more common than another?

A new study published in the Journal of Applied Gerontology looked into the types and causes of elder abuse taking place. It found that financial elder abuse was the most common. California residents might be surprised to hear that according to the researchers, this result was in line with what they expected to find, but they didn't expect that the perpetrator most often would be a family member.

Is your elderly loved one being financially abused?

California residents may not be aware that the crime of the twenty-first century is being considered elderly financial abuse. Its become increasingly rampant among aging adults, especially those who have cognitive impairments such as dementia or Alzheimer's.

Two arrested in alleged financial fraud against elderly woman

As people grow older, they become vulnerable in many ways. Even if they show no obvious, outward signs of illness or serious decline, they may be suffering from physical and mental decline. Unfortunately, there are unscrupulous people who seek to take advantage of such vulnerable adults, and their misdeeds may go undiscovered until after the elder person has passed away.

Recognizing signs of financial elder abuse

It's important to take care of the people we care about, family members and friends. When people in California get older, they don't always have the same capabilities to care for themselves as when they were younger. That is why it is important to be aware of our loved one's health and their abilities to care for themselves when they start getting older. If you are concerned a loved one could be suffering from financial elder abuse, read on.

California laws that help to protect seniors during probate

Our elders will need loved one's help and assistance at some point. It's important to be helpful during this process, rather than a hindrance. There are laws in place to protect seniors and their estate. Because financial elder abuse happens, these bills that have been signed into law, hope to prevent it.

Financial elder abuse isn't acceptable

Elders can require care and attention at a certain point in their life. This can happen gradually over time, or suddenly in one single event, such as after an injury or illness. Often, family members suddenly realize that their relative is no longer able to account for their finances and independence like they once could. This can be an extremely emotional experience for everyone involved, and it can have serious financial consequences.

Understanding financial elder abuse

Financial exploitation of elder people in California and across the nation is a serious issue. Financial elder abuse is especially a concern for older individuals who suffer from cognitive impairments, which is why elder Americans and their family members should be familiar with these concerns.

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