This is reckless and harmful behavior that qualifies as abuse.It is important to know what forms of abuse are happening whether the caregiver is a professional or family member. This population is especially in danger of being exploited, and often, they aren’t in a condition to protect their own finances.Why is the nursing home population the most exploited? Do you know someone or have a loved one that is currently living in a long-term care facility? Lone Star Legal Aid serves the millions of people at 125% of federal poverty guidelines that reside in 72 counties in the eastern and Gulf Coast regions of Texas, and 4 counties of southwest Arkansas.

Abandonment occurs when someone who is responsible for the elderly’s care, leaves them to take care of themselves. We hear about elderly abuse in the news, and one in particular form of devastating abuse comes in the form of financial exploitation of the elderly who are under the care of nursing homes.Nursing homes provide a very important service for the elderly, however it is our responsibility to assure that the tenants are protected from financial abuse.70% of the wealth in the United States is owned by people who are 50 years of age or older. Neglecting an elderly individual happens when the caregiver fails to give them their medications and dietary needs, as well as hygienic, nutrition, bathing and changing needs. It can happen through fraud, blackmail, accumulating debts, or having money or property stolen.It also includes situations where someone feels pressured into handing over money or property.. Financial exploitation can happen online, via email, telephone, post, or in person. Examples of Financial Abuse and Exploitation: The idea of an adult child moving in to care for an elderly parent, or taking an elderly parent in, is in and of itself laudable, and it is more often than not a good thing for the parent.

These examples of financial elder abuse only include abuse that has been reported.

Once the person has power of attorney, they can do anything they want with the victim’s savings accounts, assets, and property. Often, but not always, committed by family members, the abuser may use a recent illness or disability to convince the elderly person to transfer their power of attorney to him or her.

Learn what this is and how to watch for it below. Examples of Financial Exploitation in a Nursing Home: Some examples of financial exploitation of the elderly living in the care of a nursing home include the misuse an elder’s personal checks, credit cards, or accounts, theft of cash or income checks, forging an elder’s signature, and identity theft.

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Examples of items being stolen are cash, valuables, medications or personal property. They may also suffer from one or more physical or mental impairments.

In other instances, the victim of financial abuse may be dependent on the perpetrator— often times family members or care givers. Nationwide financial exploitation is the third most frequent form of abuse after neglect and emotional abuse.

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There have been situations where a caretaker in a nursing home has convinced a tenant to sign over their power of attorney to them reassuring them that it is necessary; resulting in complete financial devastation.A nursing home abuse attorney may help turn things around for the victim of financial abuse. Physical abuse of the elderly is seen as physical violence that results in impairment, pain, or injury to the individual. The courts may assist the victim in financial abuse cases.The most important thing to remember when confronted with elderly abuse is to contact a Florida Personal Injury Attorney Tim David answers the most common questions regarding personal injury claims in short, concise, and informative videos.Complete the form below for a FREE and immediate Case EvaluationThis field is for validation purposes and should be left unchanged.The attorneys at David & Philpot, PL are available for consult and representation at their Longwood and Lakeland locations, offering services to those injured as a result of another person. Many examples of exploitation and scams may be found at the National Council on Aging website.Some examples of financial exploitation of the elderly living in the care of a nursing home include the misuse an elder’s personal checks, credit cards, or accounts, theft of cash or income checks, forging an elder’s signature, and identity theft. The elderly may fear retaliation, or simply be unaware that they are being taken advantage of.Many examples of financial elder abuse include people that have lost their entire life savings to fraudulent activity. They can help revoke the power of attorney as well as demand that the assets and savings be returned.
A slight majority of financial exploitation victims are elderly females over age 70 who reside alone.

It may often come as a surprise, when those you trust the most can easily become your worst enemy.

elderly financial exploitation: certain clients when financial exploitation is suspected. Electronic: …

Perpetrators are most often relatives of the victim, typically the adult children.
The victims of financial abuse are often unable or hesitant to tell anyone that they are being exploited or to seek help.

People who have access to the victims’ finances who often commit financial abuse are:Common examples of financial elder abuse include: theft, fraud, real estate exploitation, power of attorney fraud, lottery scams, telephone marketing scams, electronic fraud, and investment and insurance scams. contact: Clarissa Ayala, cayala@lonestarlegal.org.Enter your email address to subscribe to this blog and receive notifications of new posts by email. Theft: This happens when assets are taken without permission or knowledge of the elderly person.

Common Forms of Financial Exploitation. Financial exploitation happens when someone is deceived or coerced into handing over monetary funds or assets..