A California woman and her daughter were recently charged with financial elder abuse for coercing the woman’s long time boyfriend into signing away the deed to his residence when he clearly lacked the capacity to do so. The two women are also alleged to have forged medical documents in order to facilitate the transfer of the property. Unfortunately, circumstances like this are not rare. In fact, a majority of financial elder abuse is committed by individuals known to the victim, such as family members. If you have been victimized by a loved one or suspect that someone you know is being victimized by financial elder abuse, contact the elder law attorneys at Willoughby Brod today to learn how we can help.
What is Financial Elder Abuse?
Financial elder abuse is a type of elder abuse that involves the misappropriation of funds. Sadly, the majority of financial elder abusers are family, friends, and acquaintances of the victim. While elderly individuals with alzheimer’s and dementia are at a particularly high risk, any unsuspecting elderly individual can fall prey to financial elder abuse.