February 7, 2022 | Elder Abuse
You may be familiar with nursing home physical abuse and nursing home neglect, but did you know that your elder loved one could be a victim of elder financial abuse? Even though it is a less discussed form of senior abuse than others doesn’t mean that it is not common both inside and outside of nursing homes and adult care facilities. In fact, many senior health and safety advocates believe that only about 14 percent of elder financial abuse cases are ever reported.
Elder financial abuse can take many forms. In some cases, a caregiver or nursing home staff member could insinuate themselves into your loved one’s life and convince your loved one to give them money or inheritance. In other cases, a caregiver may take financial advantage of a senior who is confused or suffering from dementia. Still others may simply outright steal from seniors who are not aware enough of their finances to notice such activity.
What are the signs of nursing home financial abuse?
What should you do if you believe that your elder loved one is a victim of nursing home financial abuse? If you are able, speak with your loved one frankly about the situation. In addition, report the financial abuse to authorities, and consult a nursing home abuse attorney for information on possible legal routes.
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