Financial abuse involves coercing the person into business deals that impact finances. Octogenarians are at a increased risk of financial abuse especially in domestic situations. The octogenarians of today grew up in a time when helping someone in need was expected. This makes it easy for others to take advantage of them.
If you have an octogenarian in the family and you suspect financial abuse, here are tips to detect and report it.
Learn the Common Targets and Perpetrators
Octogenarians are at a risk for financial abuse if the meet the following criteria:
Research also shows the ability to distinguish between trustworthy and untrustworthy people deceases with age. Women are more prone to these crimes than men. According to statistics show 90% and greater of financial abuse cases are committed by family members who likely have a gambling problem drug addiction, or financial problems. Caregivers are responsible for 12% of the crimes.
Be Aware of Signs
It helps to know the signs of financial abuse in domestic situations. Financial abuse can be hard to spot since the person knows of the dealings. Some signs of elderly financial abuse are:
Be certain to gather the proper evidence from bank statements, check stubs, and receipts . If you have confirmed that it is a case of financial abuse, the final step is to report the abuse.
Financial abuse of octogenarians must be stopped as soon as possible. Never feel guilty about reporting anyone since the well-being of the person is often at stake. If you think you have a case and need to sue, a lawyer is your best chance for justice. To learn more, contact a company like Gearing, Rackner, Engel & McGrath, LLP with any questions or concerns you have.Share
10 December 2014
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