Financial Exploitation in the Elderly Community | What to Know

wallet and money

To learn more about financial exploitation in the elderly community, continue reading and give our California elder abuse lawyer a call today to discuss your options.

What are the most common ways that financial exploitation occurs in California?

Unfortunately, the older adult community is often found as a target of financial exploitation and scams. In most cases, elder financial exploitation will generally occur from a person who is given a position of trust, like a caregiver or an assisted living staff member. In this case, that individual can be found abusing their position of power to benefit financially at the cost of the elderly person they are supposed to be assisting. Because of this, it is important to be mindful that elder financial abuse can occur between family members, for instance when someone in control of using an incapacitated relative’s funds robs those funds for their own advantage.

What are the most typical signs of elder financial exploitation?

Financial exploitation is more challenging to detect than other indications of elder abuse, however, if you are careful, you can be more conscious and try to prevent the conduct from occurring. Some of the most prominent signs of elder financial exploitation include and are not limited to, the following:

  • Discovering that your loved one’s possessions have gone missing
  • Uncovering unpaid bills or forged checks
  • Caregivers asking you or your loved one provoking questions about their finances
  • Odd, out-of-character purchases on your loved one’s credit card
  • Discovering contracts or agreements signed in your loved one’s name when your loved one does not have the mental capacity to consent to them on their own

What is the deadline for elder abuse claims in California?

You will want to keep in mind that if an individual feels that an act of elder abuse occurring, it is essential that he or she takes immediate efforts to record and report the incident(s). It is also crucial that you employ the services of a skilled California elder abuse lawyer with substantial knowledge of handling financial abuse cases. If you are encountering this unfortunate situation, Cowdrey Jenkins, LLP is on your side. Our legal team has the understanding and experience needed to guarantee that your loved one is covered. We are on your side and will do whatever it takes to ensure that you and your loved one acquire the fairness you deserve. We look forward to hearing from you.

What other services does our legal team provide?

There are several other elder abuse claims that our legal team can take on for you and your loved one. Some of them include the following:

  • Residential Care Facilities
  • Assisted Living Facilities
  • Nursing Homes
  • Memory Care Facilities
  • Home Health Agencies
  • Hospice Care
  • Hospitals