Category: Guardianship
Elder Financial Abuse: Recognizing and Combating Exploitation
Elder financial abuse is a growing concern that affects many older adults, their families, and communities. This form of elder abuse involves the illegal or improper usage of an elderly person’s money, belongings, or assets for personal gain. It is important for you to be aware of this issue as it can not only cause financial harm to the victim but also have lasting psychological and emotional effects. Financial institutions such as banks play a crucial role in identifying and preventing elder financial exploitation. By understanding the various forms of financial abuse, you can take steps to protect yourself and… Read More