Click for live chat!

945 East Paces Ferry Road Suite 2525 Atlanta, Georgia 30326

Financial Abuse and the Elderly

As people get older, it’s not as easy as it once was to maintain personal accounts, assets and credit. All too often, elderly citizens get financially taken advantage of simply because they have not planned well or have put their trust in the wrong hands.

The senior abuse lawyers at Pope & Howard, P.C. in Atlanta, Georgia, are dedicated to helping those who have lost money, property or other assets achieve just compensation. If you or a loved one has experienced financial abuse, we will fight alongside you to make it right.

Defining Elder Financial Abuse

Financial abuse occurs when a person steals, mismanages or conceals an elderly person’s funds, property or other assets for personal gain. As people get older and less physical and mentally focused, they become more susceptible to mistreatment in various forms. Financial abuse includes theft, fraud, misuse of assets or credit and any other use of money that is not justified.

This abuse can be done by corporations who target older customers, or even carried out by family members who have been trusted with personal accounts.

Elder financial abuse can also involve the misguidance of financial assets. For example, the offspring of an elderly person convincing a parent to spend less on healthcare so they may inherit more money later. If you notice that an elderly person could afford much better medical treatment or assisted living than they are currently receiving, elder abuse could be the cause.

Signs of Financial Abuse in the Elderly

If you have a senior loved one, take care to look out for these signs of financial abuse:

  • Changes to wills, powers of attorney, deeds or titles.
  • Unpaid bills or late payments when funds should be sufficient to pay for said bills.
  • Missing jewelry, cash, property or other items worth a lot of money.
  • Unusual or unexplained withdrawals or transfers between bank accounts.
  • Sudden changes in a senior citizen’s financial condition.
  • The presence of a new person in the senior’s life with a great deal influence.
  • Anxiety on the part of the senior citizen when discussing finances or financial security.

How to Prevent Financial Abuse in the Elderly

If you do not manage an elderly loved one’s account, but do have access to it, it may be a good idea to check in every so often to ensure that everything looks normal. Look out for large sum withdrawals, any uncommon purchases or unfamiliar names added to the account.

If you are somebody preparing your finances for later days, the earlier you get started, the better! While drawing up a will is not anyone’s perfect idea of a great Saturday afternoon, sitting down with a trusted lawyer or financial advisor to make sure you have a will on record will benefit you and your family in the long run.

Planning your financial future is one of the smartest things you can do to avoid elder financial abuse. Be sure to keep your personal account numbers, checkbooks and credit cards with you at all times, and be wary of giving out information over the phone. Begin building a relationship with a banker or financial advisor now if you don’t already have one. That way, this person will understand how you spend your money, and who you trust with it, if you start making rogue decisions down the road.

Contact the Top Elderly Abuse Law Firm in Atlanta, Georgia

If you suspect that a loved one is a victim of elder financial abuse, Pope & Howard can help! We want to do everything in our power to empower Atlanta-area citizens to keep their finances under control at any age. If you’d like to set up a free consultation with us, simply fill out our online contact form or give us a call at 404-885-9999.

Related Articles

Elderly Abuse in the Age of COVID

Things You Can Do for a Loved One in Lockdown at a Nursing Home

Understanding Nursing Home Abuse: Involuntary Seclusion in Atlanta

Nursing Home Choking Hazards

Growing List of States Allowing Video Surveillance in Nursing Home Residents’ Rooms

Georgia Ranks 40th for Senior Care

Nursing Home Hepatitis C Outbreak

Choose the Best Nursing Home for Your Loved One

Make the Most of Holiday Nursing Home Visits

Is the Louisiana Nursing Home Industry Paying for Leniency?

Choosing the Right Nursing Home for Your Elder Loved One

Rash of Mistreatment in Personal Care Homes

State Revokes Nursing Home’s License

Nursing Home Choking Hazards

Cobb County Accident Lawyers

How Do You Know You Need a Georgia Elder Care Abuse Law Firm?

Nursing Home Neglect Atlanta

Let the Experts Represent You in a Georgia Nursing Home Abuse Lawsuit

Elderly Caregiver Neglect: What are the Warning Signs?

How to Report Healthcare Abuse Among the Elderly

How Do You Know If An Elder is Being Abused Through Financial Exploitation?

Top Sandy Springs Nursing Home Lawyers Help Secure Just Compensation for Loved Ones

Malnutrition and Dehydration: Silent Forms of Nursing Home Abuse

Nursing Home Litigation

Elderly Abuse Lawyers in Atlanta

Pedestrian Accidents, DUIs and More Halloween-Related Accident Risks in Atlanta, GA

Parking Lot Premises Liability Cases in Atlanta, GA

Common Apartment Building Accidents in Atlanta, GA

Negligent Security Lawyers in Atlanta, GA

Getting Video Proof in Car Accident Cases

What to Do if Your Child is Seriously Injured at School in Atlanta, GA

Coup-Contrecoup Injury Lawyers in Atlanta, GA

Tips for Communicating With Dementia Residents in Nursing Homes in Atlanta, GA

Why You Shouldn’t Sign a Nursing Home Arbitration Agreement in Atlanta, GA

Common Types of Obstetric and Gynecology Negligence

Atlanta Paralysis Lawyers

How Witness Testimony Can Help (Or Hurt) a Car Accident Case in Atlanta, GA

Basic Requirements for a Medical Malpractice Case

Common Household Injuries and How to Avoid Them

Elderly Abuse in the Age of COVID

Signs You May Have a Personal Injury Case

Chemical and Laser Burn Lawyers in Atlanta

Serious Injury Lawyers in Atlanta, Georgia

Head Injuries Following a Car Accident

Buckhead Wrongful Death Lawyers

How Witness Testimony Can Help (Or Hurt) a Car Accident Case in Atlanta, GA

Basic Requirements for a Medical Malpractice Case

Amusement Park Injuries and Liability

Head Injuries Following a Car Accident

Buckhead Wrongful Death Lawyers

Common Types of Boating Injuries

Understanding Swimming Pool Injury Lawsuits in Atlanta, GA

What to Do After a Slip and Fall Injury

Common Causes of Burn Injuries for Children

Tips on How to Avoid Common Traffic Accidents in Atlanta

Watch Out for These Insurance Company Strategies After a Truck Accident

Safety Precautions All Helicopter Pilots Must Follow

Weather and Helicopters: What You Should Know Before Taking a Helicopter Ride

Appendicitis Misdiagnosis in Atlanta, Georgia

Common Surgical Errors in Medical Malpractice Cases

Nursing Home Choking Hazards

Georgia Interstate Truck Accident Attorneys

Anesthesia Errors in Georgia Medical Negligence Cases

Deciding Between Settling a Personal Injury Case or Going to Trial

Hung Jury Cases

Contact Us

Your Name (required)

Your Email (required)

Your Message

Pope & Howard P.C.

945 East Paces Ferry Road
Suite 2525
Atlanta, Georgia 30326

Have a Question?