What is Elder Financial Abuse?

Depriving an elder of money or property is elder abuse

Financial abuse is depriving an elder of money or property, or of control over money or property, by theft, manipulation, undue influence, or fraud. While financial elder abuse can take many forms, the most widespread financial abuses include telemarketing fraud, identity theft, predatory lending and home improvement and estate planning scams.

Who might financially abuse an elder?

Potential financial abusers include: conservators, caregivers, agents acting under durable powers of attorney, trustees, representative payees, financial planners, attorneys, family members and friends.

Signs of elder financial