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Addressing the financial abuse of memory care patients

On Behalf of | Apr 8, 2024 | Financial Abuse |

Financial abuse of memory care patients in long-term care facilities is a deeply concerning issue that requires immediate and effective action on the part of loved ones. 

Patients with memory impairments are particularly vulnerable to exploitation both due to their diminished ability to communicate effectively and due to their diminished capacity to manage their finances. They may not be in a strong position to recognize exploitation in any form. This vulnerability can unfortunately make them targets for unscrupulous individuals, including caregivers and even family members. Addressing this form of elder abuse demands a thoughtful approach.

Proactive and reactive responses

Memory care patients deserve to live with dignity and security. Yet, all too often, they are denied these basic rights by either their caregivers or others whose ill-intentioned actions are not slowed down nor halted by protective mechanisms employed by the facilities where they reside. 

Prevention is the cornerstone of protecting memory care patients from financial exploitation. As such, detection plays a critical role in combating financial abuse. Family members and loved ones must remain vigilant for signs of exploitation, which can range from sudden changes in a patient’s financial situation to unexplained withdrawals from their accounts. 

If and when financial abuse is detected, legal action may be necessary to hold perpetrators accountable and to recover stolen assets. Appropriate legal interventions may include civil lawsuits against abusers and/or the facilities that failed to protect their residents, as well as pursuing criminal charges, where applicable.

Ultimately, addressing the financial abuse of memory care patients requires proactive approach and meaningful reactions in the wake of uncovering mistreatment. Seeking personalized legal feedback is a good way for loved ones to start exploring their options under such circumstances. 

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