Laura Watts, a Toronto lawyer who focuses on elder law issues, says the prototypical «unsuccessful son in the basement» accounts for about 75 per cent
of elder financial abuse cases perpetrated by family members.
The first line of defense
against elder financial abuse may be to raise awareness in our communities about the warning signs, common scams and preventative measures that might protect us from these crimes.
IPT has partnered with medical associations, the American Bar Association, state bar associations and State Securities Offices to undertake research and develop tools and resources to help you protect yourself and your loved ones
from elder financial abuse.
He received a Certificate of Recognition from the Legal Aid Society of San Mateo County for protecting the rights of a senior citizen under the California
elder financial abuse statute in a pro bono litigation.
Elder financial abuse commonly involves family members, including spouses, children, grandchildren, nieces or nephews, but can include others such as carers and neighbours.
Lawsuit alleges fraud,
elder financial abuse at Oakmont Senior Living, Sept. 14, 2017, By Guy Kovner, The Press Democrat
Plaintiffs allege the facility and its administrators
committed elder financial abuse and fraudulent business practices by not disclosing that patient care assessments weren't used to establish staffing budget.
And many states that do not currently have
civil elder financial abuse statutes or regulations are considering bills or proposals to add them.
From lavish spending to social withdrawal, what to look for to ensure an aging loved one isn't a victim
of elder financial abuse.
IPT has partnered with medical associations, the American Bar Association, state bar associations and State Securities Offices to undertake research and develop tools and resources to help you protect yourself and your loved ones
from elder financial abuse.
There are protections in place in many states requiring oversight of adult adoptions where caregivers of the elderly are involved, in order to
prevent elder financial abuse.
Not only can they help you navigate complex retirement decisions like when to claim Social Security and what's an appropriate rate to tap resources, but they can also be a key resource in heading off the growing problems of elder fraud and
elder financial abuse.
Elder financial abuse or exploitation is defined as the unauthorized, illegal or inappropriate use of an aging adult's financial resources by a person in a position of trust.
In other words,
elder financial abuse is largely a crime of opportunity.
Perhaps the best way to protect ourselves, and our loved ones, is to better understand what
elder financial abuse is, why seniors are targeted, who the perpetrators tend to be, what some of the warning signs and common scams are and, finally, what preventative steps may help protect against elder financial abuse.
It is shocking that so many vulnerable seniors are falling victim to the growing scourge of
elder financial abuse.
While not a new phenomenon, instances of
elder financial abuse have soared as the United States experiences a large - scale demographic shift to an older population.
The governor is also planning an Elder Abuse Certification Program in which bank employees can be trained to spot signs of
elder financial abuse, such as the plundering of a senior's bank account.
«Inheritance impatience» is one of the drivers of
elder financial abuse, writes Christine Long.
Bankers will also be keeping close tabs on bills related to marijuana, PACE loans and
elder financial abuse.
These cases are primarily focused on defending and prosecuting claims related to
elder financial abuse.
If you are worried that a loved one may be a victim of
elder financial abuse, contact Eisen Law.
Elder financial abuse can take many different forms.
Elder financial abuse is a serious and growing problem in nursing homes across the country.