When most people think of elder abuse, they think of physical abuse. While physical abuse of elders is common, financial elder abuse is actually the most common and is steadily on the rise. In California, there are laws against all types of elder abuse, including financial elder abuse. If you suspect a loved one has been the victim of financial elder abuse, contact the attorneys at Willoughby Brod today to help your loved ones seek justice and obtain the compensation they deserve.
What is Financial Elder Abuse?
Financial elder abuse, also known as senior fraud, is when an elderly individual’s money, assets or property are mismanaged, stolen, or obtained by coercive and fraudulent means. A person who is found to have committed elder abuse can be charged with a felony, which can result in two to four years of state prison time, or a misdemeanor, which can result in up to one year in county jail and thousands of dollars in fines, depending on the person’s background and history.