If your loved one is in a nursing home – especially if the residence is far away or out-of-state – you must be vigilant when it comes to protecting your loved one’s finances. Some of the signs of financial abuse include: Missing checks or bank statements New accounts that have suddenly been opened in the resident’s name Forgeries on checks and other legal documents Changes to the elder’s power of attorney Credit card balances that are higher than usual Changes to the resident’s spending habits Letters from collection agencies or past due notices from creditors Learn More