One of the benefits of experience is the ability to share its lessons with others who are encountering similar issues for the first time. This is especially true for a critical issue like elder financial abuse.
An adult child confronting the effects of financial elder abuse by another family member against a parent is not prepared to deal with the emotional and legal ramifications of the abuse. This is a situation often quite unlike any other life experiences. A trusted family member takes advantage of an ill or vulnerable parent and works the advantage to his or her financial benefit.
There are many issues related to financial elder abuse - vulnerability, knowledge of vulnerability, actions or tactics and unfairness of result. Any one of these factors may be explored in great detail with numerous examples. This is a short discussion looking at the common actions and tactics used by a person using undue influence to affect the transfer of assets by gift or estate transfers.
A financial elder abuser will generally control the vulnerable elder's necessaries of life, medications, interactions with others, access to information and sleep. The use of affection, intimidation or coercion also plays a role in gaining access to the elderly victim's estate.
These types of tactics are used to initiate changes in personal or property rights. Haste and secrecy are usually an integral part of this wrongdoing. The estate changes are often made at inappropriate times and places.
If your loved one is a victim of financial elder abuse and you want to see what you can do about it, don't hesitate to call us to talk about your case. You can reach us at 916-313-3030.