Financial abuse may be coupled with verbal or physical abuse, or it might fly under the radar without any obvious signs. Staff members may manipulate or intimidate an elder for financial gain. Theft is also a frequent problem in long-term care facilities, which may be due to a lack of security.
Economic exploitation cases may involve many legal factors, including an elder’s estate plan or a family’s inheritance, billing practices, financial powers of attorney, guardianship, fraud, and coercion. If your loved one is in a nursing home, financial abuse may be difficult to detect, but it can have a significant impact on his or her security.