Financial Abuse of Elderly People: What You Should Know

Financial Abuse of Elderly People What You Should KnowAs people age, medical conditions and limited mobility require many individuals to rely on others for care. Whether in a nursing home or receiving the assistance of an in-home care provider or family member, the elderly often have someone in their life who provides help with daily activities.

There are many people who care for elderly people and do a great job of it. Sadly, there are others who take advantage of the vulnerability of older adults or ignore their needs. The abuse and neglect of the elderly is an unfortunate reality of later-in-life care.
Physical, emotional, and sexual abuse, as well as various forms of neglect, are some dangers of inadequate elder care. Another form of abuse — financial abuse — is just as prevalent and hazardous.

What is Financial Abuse?

Financial abuse involves situations in which a person takes advantage of an elderly individual for their own financial gain.

A care provider or family member who is financially abusing an older adult may do things such as:
  • Stealing valuables or cash
  • Appointing a new authorized user of a credit or debit card
  • Changing the details of a will or insurance policy
  • Taking money from a bank account
  • Charging an excessive amount for care
  • Coercing an elderly person into buying things they don’t need

Signs of Elderly Financial Abuse

If an elderly person in your life is exhibiting any strange behavior or a lack of awareness about their finances, this could be signs that they are a victim of financial abuse.

Financial abuse may be exhibited in the form of:
  • Unusual new purchases
  • Changes to important documents
  • Unawareness of financial status
  • Avoiding questions about money
  • Missing money, valuables, and other assets
As a loved one of a nursing home patient, it is important to be aware of the realities of elderly abuse and neglect. If you suspect that an older family member is being mistreated by a caregiver, contact Christian & Christian today.
Schedule a no-cost case evaluation through our contact form or via phone at (864) 408-8883.
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Matthew Christian

Attorney, Founder, Partner University of South Carolina School of Law, South Carolina Bar, U.S. Court of Appeals 4th Circuit, U.S. District Court, U.S. Federal Courts, United States Supreme Court

Attorney Matthew Christian dedicated his career to making corporations see his clients as people, rather than claim numbers. He strives to help the injured, including making long-term care facilities safer for residents.

Attorney Matthew is also very passionate about fighting for injury victims’ rights to compensation, going above and beyond to defend these rights. As a partner at Christian & Christian, Matt has helped pursue and obtain financial reparations for numerous accident victims from well-funded opponents, including major insurance companies.

Attorney Matthew Christian has experience handling a wide range of personal injury cases.

Areas of Expertise: Personal Injury, Nursing Home Abuse, Medical Malpractice, Auto Accidents, Premises Liability, Wrongful Death, Catastrophic Injuries

National Trial Lawyers: Medical Malpractice Top 100 in the U.S. (Top 25 for S.C.)


Nursing Home : Top 10 Trial Lawyers Association

Expertise.com: Best Personal Injury Lawyers in Greenville

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