Financial Elder Abuse

Elder abuse can take many forms. As California financial elder abuse attorneys at CunninghamLegal, we focus on financial abuse. Five million seniors fall victim to financial abuse each year. Getting an accurate picture of the scope of the problem is difficult because many seniors are unaware of the financial abuse taking place, while others are unwilling to report it out of embarrassment or fear for their safety.

Financial or material exploitation is defined as the illegal or improper use of an elder’s funds, property, or assets. Examples of this type of abuse include, but are not limited to:

  • Cashing an elderly person’s checks without authorization or permission
  • Forging an older person’s signature
  • Misuse or theft of an older person’s money or possessions
  • Deceiving or coercing an older person into signing any document (such as a contract, will, title, etc.)
  • The improper use of conservatorship or power of attorney

What are some of the signs of financial or material abuse? They include, but are not limited to:

  • Sudden changes in bank account or banking practice, particularly unexplained withdrawal of large sums of money when the older person is accompanied by another individual
  • Additional names being included on an elder’s bank signature card
  • Unauthorized withdrawal of the elder’s funds using the elder’s ATM card
  • Sudden changes to a will, trust, power of attorney, or other financial document
  • Disappearance of funds or valuable possessions that the elder person can’t, or won’t, explain
  • The elder person is receiving substandard care or accumulating unpaid bills even though adequate financial resources are available
  • Discovery of a forged signature for financial transactions or the titles of the elder person’s possessions
  • Sudden appearance of previously uninvolved relatives who claim to have rights to the elder person’s affairs and possessions
  • Sudden transfer of assets to a family member or someone outside the family that the elder person can’t explain
  • Provision of services to an elder person that do not seem to be necessary

If you or someone you love has been victimized by financial elder abuse, contact us today for a complimentary consultation. We can help put an end to the abuse and obtain compensation for any losses.