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Financial Abuse

Have You Noticed Changes in a Loved One's Behavior?

Is your loved one suddenly talking about a new "best friend"? Are bills going unpaid? Belongings missing? Unusual activity occurring in his or her bank account? A pattern of suspicious behavior and activity suggests that your loved one might be a victim of financial abuse.

Nursing home residents and elderly individuals are attractive targets for financial abuse because many do not realize the value of their assets and often dependt on others, so they can be easily influenced.

At Trolman, Glaser & Lichtman, P.C., our nursing home negligence attorneys help victims who have fallen prey to elder abuse and financial scams. If you believe that your elderly loved one is a victim of a financial con or is being swindled, we can help. For more than 40 years, we have been helping New Yorkers harmed by financial abuse. To learn more, contact us online via e-mail or call 212-750-1200. We fight, you win.

Types of Elder Financial Abuse

Financial abuse, exploitation, embezzlement and caregiver theft against elder adults and nursing home residents can take many forms. Commonly, financial crimes against elder adults include:

  • Getting an older person to sign a power of attorney, will or deed by using coercion or deception
  • Forging a signature on financial documents or assets
  • "Borrowing" substantial amounts, including money or an older person's property without permission
  • Promising lifelong care in exchange for property
  • Telemarketing or investment scams that scare older individuals into sending money
  • Charging credit cards without permission or under false pretenses
  • Other scams that rely on deception or fraud

Recognizing Signs of Elder Financial Fraud

Elderly financial abuse is not limited to nursing home residents. And nursing home staff are not the only ones financially conning older individuals. Financial abuse is often committed by people closest to the elderly victim — care providers and family members.

Because your loved one might be susceptible to financial abuse at the hands of someone on whom he or she depends, it is important for you to look for patterns that suggest a problem might exist. Indicators of financial abuse include:

  • Bank account transfers or withdrawals that the account holder cannot explain
  • New "best friends" or increased mention of people you've never heard of
  • Repeat unpaid bill notices
  • Sudden creation or signing of legal documents such as powers of attorney or wills
  • Other unusual bank account activity
  • A care provider expressing unusual interest in an older person's financial affairs
  • Missing property, possessions or money
  • Suspicious signatures on checks or other documents
  • An elder adult not knowing about or understanding financial arrangements that have been made

Contact Trolman, Glaser & Lichtman, P.C.: Good Lawyers, Good Friends

If you suspect elder abuse or financial fraud in a nursing home or assisted living facility in the Bronx or Brooklyn or anywhere else in New York, schedule a free consultation today. Call 212-750-1200, or contact us online.

Contact Trolman, Glaser, & Lichtman, PC

Trolman, Glaser & Lichtman, P.C.
747 Third Avenue, 23rd Floor | New York, NY 10017
| Phone: 212-750-1200 | Toll Free: 1-888-484-5529 | Fax: 212-980-4011 | Email | New York Law Office

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Contact trolman, glaser & lichtman, PC

747 Third Avenue, 23rd Floor | New York, NY 10017|Phone: 212-750-1200|Toll-Free: 1-888-484-5529|Fax: 212-980-4011|Email