What exactly is elder financial abuse?
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Posted On :
Jan-10-2012
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Article Word Count :
559
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Elder financial abuse happens. Senior citizens need to be shielded from these crimes at all times. This content defines this type of abuse and tips on how to prevent it.
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What could be more detestable than stealing and deceiving the elderly for money? Elder financial abuse, a matter that was recently brought to the spotlight by Hollywood actor Mickey Rooney, is a crime of using senior citizens for monetary gain. Rooney sued his stepson plus others for fooling him into thinking he was on the brink of poverty and forcing him to carry on working while they swindle millions using his name.
Once the case was settled, everyone was suddenly more mindful of this urgent matter. So, how can you recognize this crime and stop it?
Elder Financial Abuse 101
This crime will involve illegal and improper use of a senior citizen's funds, resources and property. Recognizing this crime is easy, however, they mainly happen within the family. Unless other parties observe and become involved, these criminal acts go unnoticed.
The crimes associated with elder financial abuse include trickery, deception, forceful access to funds and properties of a senior citizen. Many people that are liable for this are caregivers, fraudsters and, sadly, family members.
Here are instances of the exploitations these fraudsters commit:
-Forging the signature of an elderly to gain access to personal checks, credit cards and other financial accounts.
-Stealing prized possessions, cash, and pension checks
-Theft of identity- Most victims of this are senile elderly. Fraudsters make use of the elderly's confinement in a nursing facility and utilize his identity for personal or business transactions. At times, even healthcare businesses are liable for this crime. Some charge excessively for unnecessary healthcare services. While there are those that supply special "prizes", which ultimately forces the elderly to purchase. It is a good thing there are plenty of vigilant bank fraud lawyers taking needed measures to battle against these complaints.
How to combat elder financial abuse
Hiring a great bank fraud lawyer to investigate how an elderly's money is being spent is a way of dealing with elder financial abuse.
Find a firm that specializes on elder financial abuse cases. There are several who investigate and litigate fraud actions involving insurance and banking claims. A bank fraud lawyer in this agency will even investigate wrongful death cases.
Here are some other ways you are able to keep this abuse from happening:
-Keep your communication lines open with your elderly relatives. Check up on them from time to time.
-Observe, observe, observe! Be observant of any behavioral or physical change.
-Do good research on the track record of your caregiver! It is unadvisable to pick out one via an advertisement. Search for licensed and bonded agency. You may also use an investigator to examine the credentials of your caregiver. This makes sure that your relative is in good hands and the caregiver isn't a convicted felon of some sort.
-Keep an inventory of jewelry, expensive gadgets, and properties. Ensure that all of the valuables are stored in a safe place.
When you know a person who could be a victim of this sort of crime, it's best to tell the authorities or refer a good bank fraud lawyer who is able to assist them. If you know the family and don't wish to be called as someone that meddles in family affairs, search the internet and locate anonymous hotlines you'll be able to call.
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Article Source :
http://www.articleseen.com/Article_What exactly is elder financial abuse?_131261.aspx
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Author Resource :
Abbie Kirby is a Senior CEO who knows a very good bank fraud lawyer who is knowledgeable in elder financial abuse.
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Keywords :
bank fraud lawyer, elder financial abuse,
Category :
Finance
:
Finance
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