Representing Older Victims of Financial Exploitation

People over 50 years old hold over 70% of the nation’s wealth ‚ and most of them don’t even realize the value of their belongings. As seniors and retirees get older‚ they become less physically and mentally able to live independently‚ so they hire helpers or ask family members‚ who have access to their homes and assets‚ to take care of them. Many of the people who are directly responsible for the elder’s care take full advantage of this without the elder’s permission and exploit the elders financially to benefit themselves. To discuss your senior citizen financial exploitation claim‚ please call a San Diego elder abuse attorney at Jurewitz Law Group Injury & Accident Lawyers at (619) 233-5020 for a free consultation.

Who is Most Likely to Exploit an Elder?

Family members‚ including sons‚ daughters‚ grandchildren‚ or spouses‚ are most likely to financially exploit an elder. They may have been substance abuse‚ gambling‚ or financial problems. Or‚ they justify the exploitation because they feel that what they are taking is rightfully theirs and will be deprived of it. There are several other factors that may contribute to financial abuse that stems from insecurity. For example‚ an abuser may fear that the elder will get sick and use up their savings‚ depriving them of an inheritance. The abuser may also have negative feelings toward the elder or other family members and what to pretend them from inheriting any of the elder’s assets.

What are the Signs of Financial Exploitation?

  • Significant withdrawals from the elder’s accounts
  • Sudden changes in the elder’s financial condition
  • Items or cash missing from the senior’s household
  • Suspicious changes in wills‚ power of attorney‚ titles‚ and policies
  • Addition of names to the senior’s signature card
  • Unpaid bills or lack of medical care‚ although the elder has enough money to pay for them
  • Financial activity the senior couldn’t have done‚ such as an ATM withdrawal when the account holder is bedridden
  • Unnecessary services‚ goods‚ or subscriptions

Report Elder Financial Exploitation in San Diego

If you or someone you know is being financially exploited‚ tell someone you trust and act immediately. In the U.S.‚ you can also call Eldercare Locator at (800) 677-1116. You should also contact an elder abuse lawyer right away. The San Diego elder abuse attorneys at the Jurewitz Law Group Injury & Accident Lawyers are trained at handling these kinds of situations. It is important that the abuser is brought to justice‚ and damages caused by the elder be compensated. Contact us at (888) 233-5020 so we can ensure the safety of the victim and prevent others from being abused.

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