GERONTOLOGY
J
FINANCIAL ABUSE
PREPARED BY
BSN 3F4
WHAT IS
FINANCIAL ABUSE?
is a specific form of exploitation by a deceitful persons to extract
money and resources through a variety of devious means from
elderly persons
FORMS OF FINANCIAL ABUSE
FORGERY
Producing a copy of a document, signature,
banknote and pretending to get money on behalf of
the elderly
DECEIT
Misrepresenting the truth/ hiding ulterior
motive
COERCION Bullying & intimidation
INFLUENCE
Giving undue influence to the elderly over
their decisions with handling money
POWER
Misuse of a person's Power of Attorney or
Guardianship instructions
SIGNS OF FINANCIALLY ABUSED
Checks or bank
statements that go
to the perpetrator
Missing
belongings or
property
The elderly
person does not
understand their
financial situation
Forgeries on
legal documents
or checks
Large bank
withdrawals or
transfers between
accounts
Mood changes
The elder signed
strange
documents they
did not understand
Unpaid bills
and eviction
notices
Unexplained
withdrawals from
the elderly's
account
GERONTOLOGY
J
FINANCIAL ABUSE
PREPARED BY
HOW TO PREVENT ELDER
FINANCIAL ABUSE
Shred receipts and bank
statements
BSN 3F4
WHAT SHOULD YOU DO IF YOU
SUSPECT FINANCIAL ABUSE?
REPORT
Safekeep sensitive
information
Contact Adult
Protective Services
Never rush into a
financial decision
Appoint trusted individuals
to oversee finances
Be aware of common
scams or modus
Discuss plans with a lawyer
and make arrangements
Keep track of finances and
go over bank statements
Don't hand over personal
data to random people
Consult experts about
financial decisions
Reach out to
authorities
Report suspected
abuse
Notify elder's bank
Get nursing home
involved
File a report to
government agency
Reach out to the court