Senior citizens are unfortunately vulnerable to financial abuse and scams. They can be taken advantage of by caregivers, family members or even fall victim to fraudulent investment scams.
How can you prevent your loved one from falling victim to financial abuse? Below are a few tips that can help reduce the likelihood that your elderly family member will be taken advantage of financially:
- Have more than one family member or friend involved with caring for the elderly person.
- Ensure that all funds are directly deposited into the senior citizen’s bank account
- Encourage your family member to stay involved in community activities
- If the primary caregiver is a third-party, conduct a thorough investigation of their history and check references
Here are a few warning signs of financial elder abuse:
- Unexplained withdrawals of money or checks written for cash
- Disappearance of valuable objects
- Isolation from friends and family
- Significant charges on credit cards
- Elderly person shows fear of caregivers
If you are concerned that your loved one is the victim of financial abuse, contact The Legacy Lawyers for help. We can assist you with obtaining justice for your family member. To learn more, call to schedule your no-cost consultation: (714) 963-7543. At The Legacy Lawyers we are dedicated to your peace of mind.