Reporting Elder Financial Abuse

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SimpliFi Team
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senior man holding piggy bank suspicious protecting savings
Financial abuse of the elderly, also known as financial elder abuse or elder financial exploitation, is the illegal or improper use of an older person’s funds, property, or resources. It can take many forms, including:
    • Scams
    • Abuse by trusted individuals, such as family members or friends
    • Predatory products and services marketed specifically to the elderly
    • Misusing a senior’s property and/or funds
    • Theft or forgery
  • Sharing the senior’s home without paying a fair share of the expenses
  • Unexplained disappearance of personal belongings
  • Unduly pressuring a senior to move from, sell, or relinquish their home or other personal property
  • Signing legal documents that they do not fully understand
Some signs of financial abuse include: 
  • Diversion of mail or bank statements
  • Improper or extravagant use of a legal document, like a power of attorney
  • Missing personal belongings, papers, credit cards, jewelry, prescription medications
  • Unfamiliar signatures on checks
  • Unusual financial purchases