For most of us, the idea of someone – and especially a relative – taking advantage of the elderly is unthinkable. The tragic truth is that elder abuse is widespread, and the majority of abusers are family members, according to Aging.com.
One all-too-common type of elder abuse comes in the form of financial exploitation. A family member, friend, or caregiver may take advantage of an older adult’s finances for their own gain. It may be up to you to put a stop to it.
Financial abuse of the elderly takes many varied forms, and often includes the forging of signatures, taking money or property, fraud or scams, and coercion or deception. Elderly individuals are often forced to relinquish ownership through wills, deeds, or powers of attorney through threats, intimidation, or fraud at the hands of an abuser who is close to them.