Financial Elder Abuse: What to Watch For!!!

Written by Adam Peck Category: Elder Law January 26th, 2013 1 min read

Many laws have been passed to address caregiver fraud and manipulation. In 2007, for example, financial institutions became mandatory reporters of suspected financial elder abuse.

Experts advise seniors to:

Check the background of any caregiver and make sure he or she is properly licensed.

Be wary of someone who suddenly takes an interest in your financial affairs

Become an expert on the legal concept of power of attorney

Learn to say no to your children – sometimes, they are the ones going after your money.

Family members and friends should:

Pay attention to any sudden changes in behavior on the part of their loved ones, such as growing isolation.

Keep in touch with your loved one and pay attention to any “red flags,” such as a new person in their life.

Be watchful. Employers and agencies that provide senior services have an obligation to make sure that their agents aren’t committing fraud or receiving “gifts.” Do not blindly trust your caregiver.

To report elder or dependent adult abuse or neglect, call Steven Peck’s Premier Legal to talk to an experienced elder abuse attorney toll free at 1-866-999-9085 or visit us at www.premierlegal.org

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Written by Adam Peck

Expertise: Personal Injury

Adam J. Peck, ESQ is a principal with Peck Law Group, APC. In 2008, Mr. Adam Peck received his Juris Doctorate from Whittier Law School where he graduated Cum Laude. His practice is primarily dedicated to representing Elders, Dependent Adults, along with their loved ones and family members, who have suffered horrific personal injuries.