Financial abuse refers to a situation where someone misuses or controls another person's money without their consent. It can involve stealing, tricking, or pressuring someone to give away their money or assets. Full definition
It is also estimated that as few as one out of every 25 cases of financial abuse among elders is reported to authorities. (mcarthurlawfirm.com)
The present state of the law leaves vulnerable people, particularly elders, wide open to financial abuse in terms of their wills, particularly by their caregivers. (disinherited.com)
Many seniors are targeted for financial abuse or exploitation because of what they own. (cnbc.com)