What is elder financial abuse?

 

Elder financial abuse is much more than just trying to scam seniors or gain control of their money.

The National Committee for the Prevention of Elder Abuse (NCPEA) defines elder financial abuse as a broad spectrum of conduct including:

  • Taking a vulnerable elder’s money or property
  • Fraudulently signing for elderly people or forging their signatures
  • Deceptively coercing or using undue influence to get an older person to sign a deed, will, or power of attorney
  • Taking or using an older person’s property or possessions without permission
  • Promising long-term (even lifelong) care in return for money or property and then not fulfilling the promise
  • Using deception to gain a victim’s confidence (also known as confidence crimes or “cons”)

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