Financial abuse affects thousands of older Canadians each year. Sometimes, this abuse is perpetrated by a person in a position of trust, such as a family member or financial professional while, in others, a stranger who befriends the victim is involved. Many older adults are hesitant to report financial abuse because they are embarrassed or confused and others may actually be unaware that financial abuse has even occurred. As a result, it is important for family members and loved ones of older people to be on the lookout for the signs of financial abuse and to take appropriate action to prevent abuse or intervene if necessary.
Older adults who have been the victim of financial abuse are often entitled to recover money lost or property improperly transferred. To discuss your case with a lawyer , call McLarty Wolf today at 604-688-9542.
Common indicators that financial elder abuse is occurring
Financial elder abuse involves the misappropriation of an older person’s money or assets through deceptive or otherwise fraudulent means. It can take many forms, including forging a person’s signature, opening lines of credit in the victim’s name, scams, using property or other assets without permission, and exerting influence on an older person in order to induce them to purchase something or to sign a contract or document that benefits someone else. Some of the common signs of elder financial abuse that loved ones should be aware of include the following:
- A sudden change in an older person’s financial situation
- New close friends or acquaintances
- The living situation of the person does not reflect their financial circumstances
- Unpaid bills or disruptions in service
- Missing property
- Unusual account activity
- Suspicious signatures
- Bank statements are no longer being sent to the individual’s home
CONTACT A VANCOUVER FINANCIAL ELDER ABUSE LAWYER TODAY TO SCHEDULE A CONSULTATION
Individuals who suspect that they or their loved ones have been the victim of financial elder abuse should retain an experienced lawyer as soon as possible. The experienced elder abuse lawyers of McLarty Wolf are skilled advocates who are dedicated to protecting the rights of individuals who have been victimized by others. Call our office today at 604-688-9542 to schedule a consultation with one of our lawyers.