Protecting the hard work of our elders.
Elders are often taken of advantage of financially. Elder financial abuse is the illegal or improper taking of an elder’s money, property or assets. Elder financial abuse broadly covers many areas of misappropriation: consumer fraud; forging signatures; misusing or stealing money or possessions; or use of coercion, deception or “undue influence” to obtain an elder’s signature on any document (e.g., deed, will, contract, power of attorney, etc.).
Elders can be particularly at risk for financial abuse. Elders who are dependent, isolated, lonely or suffer from disabilities are vulnerable to elder financial abuse. A lack of familiarity with financial matters also can make an elder susceptible to financial abuse.