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financial_exploitation

Financial Exploitation

– the illegal taking, misuse, or concealment of funds, property, or assets of a senior for the benefit of someone else.

Signs of Financial Exploitation

  • Altered wills or trusts
  • Gifts given
  • Checks expected but not received
  • Changes in banking practices, e.g., unusual withdrawals
  • Sudden need to borrow money
  • Bills unpaid despite the availability of funds (utility cut-off notice)
  • “Lost” or “misplaced” checkbook or credit-debit card
  • New or revised power of attorney
  • Unexplained disappearance of funds or personal possessions
  • Discovery of an elder’s signature being forged for financial transactions
  • Inclusion of additional name or names on an elder’s bank signature card
  • An elder discloses a suspicion that someone is taking their money or possessions