Financial abuse can happen to anyone, but elderly people are often more susceptible to scams and exploitations. Keeping a careful watch for signs of financial abuse can help your loved one avoid losing his or her life savings. Emotional coercion According to the...
Financial Abuse
Cognitive impairment and financial abuse in nursing homes
In nursing homes, abuse occurs in many different ways. Some residents are subjected to physical or verbal abuse, while others are sexually abused. Moreover, abuse also includes financial wrongdoing and many people living in nursing homes are especially vulnerable in...
How can my loved one recover from financial abuse?
There are many types of abuse, but one form that is not given as much attention is financial abuse. Financial abuse is when one person has financial control of another and withholds money from the victim of the abuse. In particular, financial abuse of the elderly is...
The mental toll of financial abuse
When people think about the consequences of financial abuse, they often focus on the economic hardships that victims face. While these are definitely very hard for those subjected to financial abuse, it is important for victims and their loved ones to understand other...
Do you know the risk factors for elder financial abuse?
While you may be familiar with what elder financial abuse is, are you equally familiar with the risk factors associated with this form of abuse? Educating yourself could prove instrumental in protecting an elderly loved one. Forbes explores the issue, to help you know...
Financial abuse is often at the hands of trusted individuals
Elderly individuals are sometimes thought to have an abundance of assets, including money in the bank. This misconception often causes individuals to try to take advantage of them, especially when the senior citizen isn't as mentally sharp as what they were in their...
Recognizing financial exploitation of nursing home residents
Perhaps your family reached a point where it was obvious that you were no longer able to provide your loved one with the level of care he or she needed. As people age, they may need medical care, regular supervision and assistance with daily tasks. This can be...
Senior citizens must beware of financial scams and abuse
Senior citizens are sometimes seen as easy targets by scammers. The financial impacts of this are often considerable. All seniors need to remember some easy tips that can help them avoid becoming victims of identity theft or financial abuse.First, make sure that you...
Tips to protect your parents from financial abuse
It’s a parent’s job to protect their children. They teach their kids how to be safe, make the right decisions and protect themselves from the harsh world around them. However, who protects the parents? Eventually, it becomes the child’s responsibility to help their...
Financial abuse of senior citizens is a criminal action
People who are in nursing homes are sometimes subjected to abuse. This comes in a variety of ways, but one that isn't spoken of too often is financial abuse. This is a tragedy that impacts all seniors, not only those who are in a nursing home.Across the nation,...