Practice / Elder Financial Abuse Prevention

Elder Financial Abuse – Prevention 101

[Page updated: 02-08-2021] – Seniors get old and lose their ability to distinguish between things. So they are unable to detect trustworthy and bad friends. And they even lose the natural human tendency to distrust strangers, becoming more gullible and aloof over time. Below, our Los Angeles elder and nursing abuse lawyers will discuss things victims must know about elder financial abuse claims.

Lady lawyer ripping off elderly senior citizen male. Gullible elder scammed by attorney elderly abuse fraud.
I am winking – female lawyer.

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Elders often rely on others for their care and well-being. Sometimes a trustee, a lawyer, or a friend will help them with financial responsibilities. And this will place them in a vulnerable position if they have lost their ability to discern good people from fraudsters. Elders are dependent and trusting and can easily be and are taken advantage of by people they entrust their decisions, with the person overseeing financial help going rogue with all the money in the worst cases.

These are advisors and friends to refused to treat the elder respectfully and carefully, instead, they ripped the senior off. And the financial abuser can be a family member, caregiver, or a member of the nursing home staff. This article discusses some of the scenarios leading to defrauding elders and kin. A Los Angeles elderly abuse attorney writes it. Let’s call it elder financial abuse prevention 101.

What are Some of the Many Forms of Deception and Theft Used to Steal From Seniors?

Financial elder abuse can take several forms, including:

  • Deception:

A lawyer, old or even new “friend,” or family member can do this easily.

  • The abuse can be a family member or even a shifty lawyer convincing the parent or relative to place their assets into their name.
  • But when the elder dies, this leaves siblings or family members with no property rights, leaving the abusive family member, corrupt attorney, or other scofflaw owning all decedent’s properties and other financial assets, including their bank accounts.

Also, the abuser will often be a mere caregiver, not a family member, but this person financially gains by convincing the elder to sign over their property to them.

  • Fraud:

Another type of elderly financial fraud elders suffers is labeled as outright theft by courts. Thieves will persuade victims to take money from their wallet or purse, or dupe elders into buying useless items or memberships they will never use.

Perpetrators will often do these things without seeking the older person’s consent.

  • Sometimes victims feel defenseless, so they will agree to let this perpetrator take their cash or charge items to their credit cards.
  • Phone Scams or Even Medical Fraud:

Financial elder abuse can be in the form of:

  • Telephone marketing or identity fraud.
  • But it can also include medical fraud.

When someone steals funds from the trusting older adult, they use tactics pressuring the older person, making them feel obligated to give out their financial information.

Spotting Financial Elder Abuse Is Very Difficult:

The elderly victim frequently will not accuse their financial abuser, so it will fall on families to expose it by hiring a financial abuse attorney to stop the abuser and make them pay back what they stole in court. And when a family believes a caretaker took advantage of their loved one, they must receive professional legal help by contacting a nearby financial elder abuse attorney. Your lawyer should be a State Bar licensed counselor available 24 hours per day to discuss the legal options available for you and your kin.

And he or she can advise the steps to take to recover the property too. Even if it was a friend that trusted the wrong person, they deserve help. We hope you have enjoyed our discussion on identifying the financial exploration of elders. As you can see, this type of fraud can ruin relations with legal heirs and make a disaster of end of life planning. So when your elderly family member or friend might be a victim of financial elder abuse, you should contact us for a free case analysis.

Our financial elder abuse attorney can discuss your situation. If we do reach an accord and decide to defend your civil action, we will refuse to receive an attorney’s fee unless we secure a financial recovery of maximum compensation on your behalf. Your call today may help provide you with legal options to remedy your future situation. Our highly experienced, aggressive personal injury attorneys in LA are here to protect the graying and vulnerable victim’s rights.

Call Ehline Law Firm’s California personal injury attorneys now at (213) 596-9642. Or you can learn if you have a case sooner by filling out our convenient online website contact form and answering a few initial case questions.

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