Elderly Lives Matter
Ford, Dean & Rotundo, P.A.Ford, Dean & Rotundo, P.A.
Elderly Lives Matter
305-670-2000
Call For A Free Consultation
En EspaƱol

How can we spot and prevent financial abuse of elders?

Children are our future, while our elders are the basis of our wisdom and culture. It may be difficult to manage the care of our parents and grandparents, but it is vital to their health and well-being as well as upholding the Florida laws that protect them.

Elder abuse can take many forms. Physical and mental abuse are often the most likely and the most concerning, while psychological abuse is usually a slower-moving issue that affects victims over a long period of time. Financial abuse, however, has increased a marked amount in the last two years.

What is financial abuse of elders?

Any use of a senior citizen's money, assets or possessions without his or her knowledge or approval constitutes financial abuse. The perpetrators may be guilty of fraud, larceny or a variety or related felonies or misdemeanors.

Why has financial abuse risen so much?

Wealthy retirees residing at home or in assisted living in Florida and other densely populated places provide the opportunity for confidence scammers and unscrupulous businesses. However, the families and friends of seniors often turn out to be the financial abusers. The increase in opportunity combined with a need for cash usually fuels this abuse.

How can we prevent financial abuse?

Seniors and their allies need to keep track of assets, and it is usually a good idea to review expenditures bi-weekly or monthly to check for unexpected spending. It is often a good idea to consult an attorney if financial abuse is suspected.

Source: Fremont News-Messenger, "Financial abuse a growing risk among elderly," Craig Shoup, May 06, 2018

No Comments

Leave a comment
Comment Information
  • Honors & Awards
  • Multi Million Dollar Advocates Forum
  • Million Dollar Advocates Forum
  • Florida Trends Florida Legal Elite
  • The Florida Bar Board Certified
  • National Board of Trial Advocacy NBTA Established 19977
  • AV Lexis Nexis Martindale Hubbell Peer Review Rated for Ethical Standards and Legal Ability tm
  • AVVO
  • Rated By Super Lawyers William A. Dean
Get In Touch

Let Us Help Your Family Today

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Contact Us For A Free Consultation

Ford, Dean & Rotundo, P.A.
3323 NE 163 Street, Suite 605
North Miami, FL 33160

Phone: 305-670-2000
Fax: 305-670-1353
North Miami Law Office Map