estate planning law firm

Law Office of A. Lee Shaw, PLLC

Friendly Faces, Clear Solutions
Book an Initial Call
Home » Blog » How Do I Know If Dad is a Victim of Elder Abuse?

How Do I Know If Dad is a Victim of Elder Abuse?

May 27, 2022 •  Law Office of A. Lee Shaw, PLLC
Elder abuse is one of the most common, yet underreported types of abuse in the United States. Like any other form of abuse, there is often a financial component to keep elders trapped in the relationship.

According to the National Council on Aging, about five million seniors are financially exploited each year by family members, friends, or medical staff.

Even though financial elder abuse is largely underreported, NCOA estimates that up to $36.5 billion is stolen from vulnerable seniors each year.

Insider’s recent article entitled “4 signs a loved one could be experiencing financial elder abuse” explains that elder abuse occurs when a family member or friend takes advantage of someone whose cognitive abilities have declined or an older person who’s lonely and isolated.

Especially during the pandemic, when elders have been so much more isolated and lonelier, these seniors may be more vulnerable to financial elder abuse than ever.

Let’s look at some common signs of financial elder abuse.

  1. They mention the abuser's name repeatedly. The abuser's goal is to cement themselves as the center of your loved one's life. It’s common to hear your loved one refer to them as "my friend," "my good son," or any other high praises in regular conversations. This repetition is a red flag that something has shifted.
  2. Large, unusual purchases. You may see large purchases like a check made out to the abusive person, paying their rent, or paying off their debts. A lot of that relationship causes the elder to think that they have to buy into the relationship, so they’ll purchase things for the other person. However, there are also cases where the abuser already has access to the victim's accounts and is buying things for themselves.
  3. Check-writing privileges granted to the abuser. It's also very common for the abusive person to get check-writing privileges granted to them, so that they can access your loved one's assets.
  4. Mood swings. Similar to any other type of abuse, elders may express feeling anxious, depressed, stressed and suddenly elated when they talk about their abusers. One second, they're appreciative for the person, but they know that something is deeply wrong.

Reference: Insider (Jan. 16, 2022) “4 signs a loved one could be experiencing financial elder abuse”

Suggested Key Terms: Elder Law Attorney, Elder Abuse, Financial Abuse, Elder Care

Speak With An Attorney

Book an Initial Call

Schedule an available time to speak with us. We look forward to meeting with you!
Book an Initial Call

Client Success Stories

Stay Informed

Join Our eNewsletter

Stay informed and updated by subscribing to our eNewsletter!
Subscribe Now!
estate planning law firm
Louisville Office

9700 Park Plaza Ave., Suite 108,
Louisville, Kentucky 40241

DIRECTIONS
Cincinnati Office (By Appointment Only)

250 East 5th Street, 15th Floor,
Cincinnati, Ohio 45202

DIRECTIONS
Integrity Marketing Solutions - Estate Planning Marketing
Powered by
chevron-down