Elder Financial Abuse
Tucson Attorneys Dedicated To Stopping Financial Abuse of the Elderly and Other Vulnerable Adults
Financial abuse of the elderly and other vulnerable adults is one of the fastest growing and least understood matters in the United States. It involves the theft, embezzlement, or misuse of money or other property from an elder or vulnerable adult who is often incapacitated or otherwise unable to protect their assets. Many vulnerable adults fail to report abuse because they are ashamed, embarrassed or fear that they might lose their independence.
The Tucson lawyers of Heurlin Sherlock are dedicated to helping protect elderly citizens and vulnerable adults from being wrongfully exploited. When working with clients who have been victimized, we make sure they understand all agreements and issues that can affect their future, enabling them to take control of their own lives again.
Elder financial abuse can take place in a variety of forms, including:
- Theft or unauthorized use of property.
- Forgery of signatures.
- Aggressive telemarketing scams or other financial swindles which use coercion or confusion against the elder victim.
- Homeowner, home improvement or reverse mortgage scams.
- Using undue influence or coercion to obtain a signature on a will, deed, power of attorney or other legal documents which cede property or control over their financial affairs.
Who is most at risk?
Elderly individuals most at risk for financial abuse include those who have substantial financial assets but may also suffer from isolation, loneliness, depression, the recent death of a loved one, physical disabilities, dementia or Alzheimer’s disease, as well as those who may be unfamiliar with complicated financial matters or new technologies.
Those who are generally reliant on others to assist them with physical, financial or cognitive challenges that often come with aging can also be at risk.
Who are the perpetrators of elder financial abuse?
Unfortunately, the majority of elder financial abuse cases are perpetrated by a caretaker or an adult family member such as the victim’s children, grandchildren or spouse. These people may feel estranged from the victim or have problems involving substance abuse, gambling debts or other financial pressures. Other instances involve resentment over how the victim intends to spend finances or handle the estate in a will. Perpetrators often use estate planning tools to wrongfully gain access to assets.
However, not all cases of financial abuse involve family members or people whom the victim already knows. Scam artists can also prey on the elderly through confusing sales scams or offers to assist with life decisions with the only intention of getting the victim to hand over his or her money. These scam artists will often use durable powers of attorney or other legal documents to deprive vulnerable and incapacitated adults of their life savings.
Contact Tucson Lawyers Who Will Aggressively Fight To Stop Elder Financial Abuse Of The Elderly And Other Vulnerable Adults
Financial exploitation is a serious legal violation that can rob a vulnerable adult of self–esteem, trust and their means of subsistence. If you or someone you know has been a victim of financial exploitation and abuse, we would like to help. Contact the dedicated attorneys at Heurlin Sherlock in Tucson, and together, we can help stop this growing problem.