As people age and become more vulnerable, they unfortunately become targets for elder abuse. This type of mistreatment is far more common than most people realize, with an estimated 10 percent of older adults experiencing some form of abuse.
One of the most prevalent forms of elder abuse is financial exploitation, where an older adult’s assets and finances are taken advantage of for personal gain. This can be devastating for both the victim and their family, especially when it comes to estate planning and litigation.
The Law Offices of Malachowski & Associates understand the seriousness of elder financial abuse. We specialize in estate litigation in Sausalito, CA, and are dedicated to helping victims and their families navigate this difficult situation.
Read on to learn the steps you should take if you suspect elder financial abuse.
Identify Specific Signs and Patterns
Recognizing the signs of elder financial abuse early is essential in preventing further harm. Pay attention to sudden shifts in financial behavior or inconsistencies in asset management.
Consider the following warning signs:
- Unexplained financial discrepancies: Look for missing funds, unaccounted-for withdrawals, or unauthorized charges on accounts.
- Changes in legal or financial relationships: Be alert to amended wills, powers of attorney, or beneficiaries that do not align with the elder’s known intentions.
- Unusual levels of secrecy or isolation: A caregiver or individual may try to limit communication between the elder and family members.
- Signs of coercion or manipulation: Watch for instances where the elder appears fearful, stressed, or confused about financial decisions.
If you observe these patterns, it is important to act promptly to protect your loved one and seek professional legal assistance.
Ask Direct and Empathetic Questions
Sit down with the elder in a private and comfortable setting to create a safe space for open communication. Ask straightforward questions such as, “Has anyone been asking you for money or gifts recently?” or “Did someone ask you to sign any documents you didn’t fully understand?” Listen attentively to their responses and look for any hesitations or signs of worry.
Assure them that their feelings and concerns are valid and that sharing their experience will help protect their well-being. Avoid expressing doubt or criticism, as this could prevent them from speaking freely. Reinforce that you’re there to support them without judgment and will work together to address potential issues.
Seek the Help of a Lawyer
Hiring an attorney who specializes in elder law or financial abuse cases is crucial to protecting an elder’s rights. A skilled lawyer can provide guidance on freezing accounts, reversing unauthorized financial transfers, or filing a civil lawsuit against the perpetrator if needed. These actions help secure the elder’s assets and hold the abuser accountable.
An attorney can also assist in updating legal documents, such as powers of attorney and trusts, to prevent further exploitation. The Law Offices of Malachowski & Associates are experienced in handling cases involving estate litigation in Sausalito, CA, and elder financial abuse. We work diligently to safeguard the elder’s financial future and support families during these challenging times.
Do You Need Help Dealing With Elder Financial Abuse?
If you suspect elder financial abuse, don’t hesitate to take action. The Law Offices of Malachowski & Associates are here to help. We offer personalized legal services and a compassionate approach to addressing this sensitive matter. Contact us today to schedule a consultation.
