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Telltale Signs Of Elder Financial Abuse

Posted by on Dec 16, 2016 in Uncategorized | Comments Off on Telltale Signs Of Elder Financial Abuse

Elder abuse isn’t restricted to physical abuse; there are other forms of abuse, including financial abuse. Financial abuse takes different forms such as forgery and fraud. For example, a caregiver may promise lifelong care to an elder in exchange for a real estate property. Here are some of the telltale signs that may point to elder financial abuse: Mysterious Asset Transfer Mysterious expenditures or transfer of assets should rouse your suspicion, especially if they were open and straightforward before. Check written to “friends,” large donations to charities, unexplained credit card charges, and sudden financial difficulties to confirm that they haven’t been victimized by financial abuse. Perpetrators of this crime have ingenious ways of carrying out their schemes, so don’t let anything slide if it seems suspicious. For example, a caregiver may convince an elderly person to give them power...

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