Victims of Financial Abuse in Nursing Homes
The elderly have worked hard all of their lives to accumulate savings for retirement. At their age, they deserve to relax and do what they will with the financial cushion they have built up for themselves. Unfortunately, there are the unscrupulous few who prey on the elderly for their own benefit. They could be acquaintances, relatives, even caregivers. Every year, many nursing home residents in Kentucky and elsewhere in the United States become victims of financial abuse. In some cases, the abuse is not detected until it is too late, and the victim loses all that he or she has worked for.
In order to protect your elderly loved one from becoming the victim of financial abuse, you must stay vigilant, look for signs, and take action if and when your suspicions are confirmed. When the time comes, the compassionate Louisville nursing home abuse attorneys at the Thomas Law Offices can help you seek justice and prevent further damage to your elder’s financial standing. Call us at (877) 955-7001 to discuss the specifics of your case. Our phone lines are open 24 hours a day, 7 days a week.
Forms of Elder Financial Abuse
Elder financial abuse involves the unauthorized use of an elderly person’s money, credit, or other assets. More direct methods of financial abuse include the following:
- Illicit use of an elder’s personal checks, credit cards, or accounts
- Misappropriation of elder’s cash, income checks, or other valuable items
- Forging the elder’s signature
- Identity theft
There are less direct forms of financial abuse that involve elaborate schemes or rackets. More common rackets that target elders include:
- Offering phony prizes to victims in exchange for a payment
- Soliciting funds for a fake charity
- Engaging victims in fraudulent investment schemes
Signs of Financial Abuse in Elderly
It’s highly recommended that you gain access to your elderly loved one’s accounts for the purposes of monitoring them for any illegal activity. You should also make frequent visits to your elder’s nursing home, if you aren’t already, to make sure everything is as it should be.
The following are telltale signs of elder financial abuse:
- Unexplained withdrawals of significant amounts from the elder’s accounts
- Abrupt changes in the elder’s financial status
- Missing cash or items
- Dubious adjustments to elder’s will
- Addition of unfamiliar names to the elder’s signature card
- Unpaid bills or substandard medical care despite the fact that the elder should have the means to afford them
- Unnecessary services and subscriptions
Your elder may tell you directly that he or she is being financially abused. Do not make the mistake of attributing his or her claim to “old age.” It is highly likely that he or she is telling the truth.
Reporting Nursing Home Financial Abuse
You may report instances of nursing home abuse to a local Long-Term Care Ombudsman. Ombudsmen are trained for the purposes of preserving the rights of residents in long-term care facilities, such as nursing homes. You may also turn to your local law enforcement agency. Call their general information office to see if they have a dedicated Elder Abuse unit. Furthermore, you may file a complaint with the appropriate state regulatory agency.
A Trustworthy Law Firm
The legal team at the Thomas Law Offices does not tolerate any injustice against the elderly. If your loved one has been the victim of financial abuse, please get in touch with Tad Thomas, Louisville, KY nursing home financial abuse lawyer, as soon as possible. We will utilize the full extent of our skills and resources to reclaim their losses and bring the perpetrator to justice.