Legal Help for Elderly Victims of Financial Abuse
The elderly grew up in a different time. Not only have many done well financially, but they grew up at a time when you could trust a stranger.
Sadly, that is no longer the case.
In many cases, the elderly have access to a lifetime of savings at a time when they are the most vulnerable to scammers.
Financial exploitation of the elderly ranges from outright stealing from the senior, either cash or property, to forging a signature, asking the elderly to sign a document granting someone power of attorney, or willing their possessions over to the unscrupulous individual.
How Does Financial Abuse Take Place?
Sometimes the assets are taken without consent, and sometimes predators seek out and target the elderly. Don’t be surprised if first they gain a senior’s confidence before robbing the individual or overcharging for goods and services. The perpetrator may even make it sound like the scam was the idea of the elder.
Financial abuse involves a scam and there are many out there willing to take advantage.
Who Is At Risk?
Seniors living in nursing homes can be the victims of financial fraud by their direct caregivers, or the administrators of the nursing home themselves. In some cases, family members may feel they have the “right” to the possessions of their senior relative. Sometimes those who commit financial fraud feel animosity with a sibling or there was a bad relationship between the child and parent.
Even telemarketers have been known to prey on the elderly using scare tactics and exaggerated claims. Preying on the elderly may involve obtaining a social security number or credit card number from the unsuspecting elder.
Victims of financial abuse may be too embarrassed to speak out, or they may be intimidated by the staff or family member. In some cases, the elderly may not realize the value of what they own. In other cases, relatives might not want to pry into an elderly relative’s financial affairs.
For all of these reasons, financial abuse is often overlooked.
What makes the elderly particularly vulnerable to financial abuse is that they need to depend on helpers who may have access to the senior’s home and assets.
It is important for family member to look for signs of financial abuse. The elder may suddenly develop an interesting in taking out loans or shifting financial accounts. The elder may be under the influence of the scammer and seem to be acting according to the advice they receive from this perpetrator. They may have recently signed important financial papers and/or suddenly be out of money.
Contact a Jacksonville Elder Financial Abuse Lawyer at 855-797-9899
If you suspect some financial abuse has occurred, an experienced Jacksonville nursing home abuse attorney may be your best ally. It is important to act before all of the assets disappear or are spent. An attorney at Farah & Farah can conduct an investigation into the assets and trace the money that went to the perpetrator. In many cases, the money can be retrieved and the elder can recover part of all of their assets.
It is important for family members to act quickly while there is still a trail to investigate.