Financial Exploitation & Financial Elder Abuse Transpire Quite Frequently In Our Society

Written by Adam Peck Category: Elder Law January 26th, 2013 2 min read

Elder abuse” is recognized as a health and human rights issue and includes a range of offenses. Abuse is sometimes hard to detect; elder abuse is frequently inflicted by a known, trusted person, often a family member. Neglect, self-neglect and financial exploitation are common forms of abuse.

A startling example of financial exploitation was the story of a Los Angeles woman accused of convincing an elderly man, suffering from dementia, to marry her and empty his bank account the very same day. this kind of exploitation happens everyday and is quite common says California Financial Elder Abuse Lawyer Steven C. Peck.

Incidents like this prompted new lawmaking in the State of Washington The new law applies to older vulnerable adults, and requires financial institutions to train certain employees to better identify older adults who may be victims of financial exploitation, and gives institutions the right to withhold fund disbursement while the request is investigated. California already has these mandatory reporting requirements Peck says.

As community members, family and friends, we must be vigilant. Signs of mistreatment often include unexplained physical injuries, repeated accidents, behavior changes such as crying and isolation, or deteriorating health and hygiene. Financial troubles that appear out of the blue can signal financial exploitation.

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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.