What are the signs of elder financial abuse?
• Valuable personal property of the elder missing. • Absence of basic amenities that the elder has adequate funds to buy. • Unusual activity in bank accounts, especially withdrawals. • Signatures on checks that does not resemble elder’s. • Frequent checks written to cash. • Withdrawals from a bank account not used in years. • Frequent payments to telemarketing promotions. • Missing important documents, such as wills and stock certificates. • Changes of title on bank accounts and property. • Change of beneficiary status on bank or life insurance policies. • Promises of life-long care in return for deeding assets to caregiver. • Caregiver preoccupation with money. • Refusal or reluctance of legal representative to spend money on care. • Long lost relatives expressing concern about an elder who has assets.
