Though most cases of financial abuse of the elderly occur within the family, sometimes a nursing home caretaker will attempt to exploit a resident. Elderly people are easily taken advantage of financially because they often do not understand how to handle their finances, especially if they suffer from dementia or Alzheimer’s. Many older people who are very sick or dying simply do not prioritize their financial health over their physical health, and might not notice suspicious withdrawals or forged checks.
Understanding the nature of financial abuse, the warning signs, and the consequences can better equip you to fight against it. This article will outline what you need to know about this type of elder abuse.
Nursing home caretakers often forge close relationships with their residents, but sometimes this closeness is only an avenue to exploitation. The elderly people who are most at risk of being taken advantage of are often:
There are countless ways the perpetrators can take advantage of their elderly targets, such as:
Keeping in touch with your loved one and being vigilant of their bank account activities will do a great amount to prevent this type of exploitation. But if you notice that your loved one seems uncertain of their financial assets, suspicious withdrawals from their accounts, or that some of their property is missing, you might want to begin investigating. Call an attorney for help as soon as you highly suspect that your loved one is being exploited.
If your loved one was taken advantage of financially, the attorneys at Hach & Rose, LLP can help you put an end to this mistreatment. We have a long history of handling nursing home abuse cases and understand the emotional stress that comes along with them. We’ll do the legal legwork so your family can focus on healing. Call our office at (212) 779-0057 to discuss your options today.
Hach & Rose, LLP, 112 Madison Ave,
10th Floor, New York, NY 10016