A growing number of seniors become victims of financial exploitation and abuse. As our population ages, this problem will continue to grow.
Each year elderly become targets of fraud and abuse. In some cases, elderly are left broke after losing their life savings. The number of elderly victims of financial abuse is likely to increase, especially in these challenging economic times. Many of the elderly are emotionally vulnerable and easy prey for financial predators.
What is most disturbing is that many cases of elder financial abuse usually involve a family member, relative, close friend or caregiver.
In order to fight against elder financial abuse it is critical for family members and friends to keep a vigilant and watchful eye on their loved ones. If they see signs of unusual behavior, then inquiries should be made immediately. If you suspect elder financial abuse, you may contact the police, Adult Protective Services, Probate Court, or even a Probate attorney.