2014

Signs and Solutions to Financial Elder Abuse

DALLAS, Dec. 11, 2012 /PRNewswire-iReach/ -- The financial abuse of seniors, one type of elder abuse, is on the rise. It can take the form of using or taking their property without permission, tricking them to sign financial or legal documents, or forging their signature.

Seniors are a target for many reasons. One is that persons over 50 years of age hold approximately three fourths of the worlds' wealth. The elderly frequently have mental or physical disabilities that can make them dependent on others for help.

Because the people that seniors depend on are in the position of helping the senior with their assets and other financial matters, they are in a position to abuse the trust that the senior has put in them. Unfortunately, many times the abusers are family members and other trusted individuals.

Different signs to look for to recognize elder abuse include:

  • Unpaid bills
  • Financial transactions that the senior can't explain
  • New "best friends"
  • Unusual activity in the older person's bank accounts
  • A caregiver that seems excessively interested in the elder's finances
  • Missing property or belongings
  • Suspicious signatures on financial documents
  • Strange explanations given about the elderly person's finances
  • Unexplained purchases (like automobiles) by persons holding the Senior's power of attorney

What can you do if you suspect or confirm elder abuse in financial matters?  

You can:

  • Contact Adult Protective Services(APS) if you want the government to decide how to fix the problem
  • Contact the police if you're willing to wait months for action OR
  • Contact an attorney experienced in guardianship and elder abuse.

An attorney experienced in elder abuse will do what you want when you want it. Temporary guardianship may be necessary to stop the abuse and that can happen in days, not the weeks or months APS will take just to decide to do something. It may be desired to sue the abuser to recover the losses.  

David M. Pyke is guardianship and elder abuse attorney in Dallas Texas. He handles elder abuse, guardianship, probate and estate planning in the greater Dallas/Fort Worth metroplex.

Pyke & Associates
12655 North Central Expwy.,
North Central Plaza I, Suite 700,
Dallas, Texas 75243

(214) 866-0133 • Fax: (214) 866-0433
www.texasguardianshiplaw.com

Media Contact: David Pyke, Pyke & Associates, (214) 866-0133, dpyke@dallastrial.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE Pyke & Associates



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