VIEWS: 12 PAGES: 2 CATEGORY: Legal POSTED ON: 1/6/2012
Avoiding Probate.txt Child Support Tips.txt Courtroom Strategies in Custody Case... Elder Abuse and Financial Exploitati... Elder Financial Abuse What It Is and... Facing Child Custody Issues - 3 Impo... Fathers Rights for Child Custody.txt How Can I Obtain Custody of My Child... Inheritance Rights of Omitted Heirs.... Living Trusts Can Avoid The Necessit... Nursing Homes and For-Profit Hospice... Simplifying Reverse Mortgages.txt The Heartbreak of Elder Abuse Contin... Why Does the Mother Normally Get Cus... Use Of Living Trusts To Avoid Probat...
Elder financial abuse - it's an issue that 's been around as long as the elderly have had property and money. Normally, an elderly person is sixty-five years or older, and is also known as a senior citizen. The crime is a term for the misuse of the funds acquired by them. Along with funds, exploitation of a person's property and resources also can be considered abuse. Even though the crime has been around for several years, it had been only given nationwide attention in recent times. In 2011, famous Hollywood actor Mickey Rooney sued a stepson for alleged abuse. Public awareness grew after the revelation of his case. A study carried out by a primary international insurance provider said that close to three billion dollars a year is lost thanks to the crime. This is due to the many various tactics utilized by the bad guys to steal from senior citizens. Recognizing the abuse is fairly easy. However, a number of cases happen within families. And unless other parties get involved, instances wouldn't see the light of day. What is regarded as elder financial abuse and who is guilty of it? The term is actually a blanket term for a wide range of criminal activities. These crimes involve the use of trickery, deception, and coercion to access the funds, resources, and properties of a senior citizen. People that are typically found guilty are caregivers, fraudsters, and sorry to say, family members. Examples of exploitation committed by these folks include: - Misuse of personal checks, credit cards, and other financial accounts - It's usually performed by forging the signature of an elderly person. - Stealing of cash, pension checks, and other prized possessions. - Identity theft - Senile individuals often become a victim of this kind of attack. Devious people take advantage of the fact that the elderly are confined to homes or nursing facilities. Thankfully, bank fraud lawyers take the necessary actions to fight such problems You cannot assume all sinister acts are done by singular individuals, however. You can find cases when even healthcare is used as a tool to extort income from the elderly. These companies take advantage of an elderly person's fragile state of mind. Healthcare provider and other scams include: - Special "prizes" for senior citizens that must be purchased. - Charging excessively for healthcare that isn't provided. Elder financial abuse takes place simply because of a senior citizen's lagging mental capacity, especially those that are senile. Isolation also plays a role in the abuse. Typically, victims are widows or widowers. Statistically, women are especially vulnerable to abuse. Research has shown that women live longer than men. The elderly women that live longer than their companions typically belong to a generation where the male was the one who handled the finances. When you know somebody who may be a victim of this kind of abuse, it would be best to tell the authorities. In instances where you personally know the family and are concerned about being called an intruder in family issues, you can find anonymous hotlines you could call. Abbie Kirby is colleagues with a bank fraud lawyer dedicated to elder financial abuse cases
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