Elder Abuse FYI
Elder Abuse Resources


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Financial Abuse

Financial abuse is defined as the theft or misuse of an elder's funds, property, or assets. Examples of this include: stealing an older person's money or possessions, forging their signature, cashing their checks without authorization, and the misuse of guardianship, conservatorship, or power of attorney.

Indicators of Financial Abuse

Examples of financial abuse include, but are not limited to the following:

  • Changes in banking practice
  • Unauthorized ATM withdrawals
  • Addition of names to bank signature card
  • Sudden changes in a will
  • Disappearance of funds or possessions
  • Unpaid bills despite adequate financial resources
  • Inadequate care despite adequate financial resources
  • Relatives suddenly claiming rights to elder's possessions
  • Sudden transfer of money to a relative or non-family member

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