Protecting Elderly Loved Ones from Financial Abuse in Nursing Homes

May 19, 2023 Financial Abuse

financial abuse

As our loved ones age, we naturally worry about their well-being and safety, particularly if they require long-term care in a nursing home. Unfortunately, financial abuse is a growing concern in nursing homes nationwide. This abuse can have devastating consequences, ranging from financial ruin to emotional trauma. In this article, we’ll explore the signs of financial abuse in nursing homes and how to protect your loved ones.

What Is Financial Abuse in Nursing Homes?

Financial abuse is the illegal or unethical exploitation of an elderly person’s finances or assets. Financial abuse can take many forms in nursing homes, including theft, fraud, coercion, and manipulation. Perpetrators may include staff members, other residents, or even family members who have been given access to the elder’s finances.

Signs of Financial Abuse

Financial abuse can be difficult to detect, especially if the victim cannot communicate effectively. However, some signs may indicate that your loved one is being financially abused. These include:

  • Sudden changes in financial accounts, such as unexplained withdrawals or transfers.
  • Missing personal items or valuables.
  • Unpaid bills or overdue notices.
  • Unexplained changes to wills, trusts, or other legal documents.
  • Unusual or unauthorized use of credit or debit cards.
  • The sudden appearance of new friends or associates who show an unusual interest in the elder’s finances.

Preventing Financial Abuse

Preventing financial abuse in nursing homes requires vigilance from family members and caregivers. Here are some steps to take to protect your loved ones from financial exploitation:

  1. Research the nursing homes you are considering. Look for facilities with a good reputation for quality care and staff training.
  2. Stay involved in your loved one’s care. Visit frequently and ask questions about their financial accounts and transactions.
  3. Help your loved one stay organized. Make sure bills are paid on time and financial accounts are regularly monitored.
  4. Be cautious about sharing personal information. Advise your loved one to never give out personal information, including bank account numbers or social security numbers, to anyone without consulting with you or another trusted family member.
  5. Talk to your loved one about the importance of saying “no.” Perpetrators may use pressure tactics or emotional manipulation to get their way. Encourage your loved one to stand firm and say “no” to any requests that make them uncomfortable.

What to Do if You Suspect Financial Abuse

If you suspect your loved one is being financially abused in a nursing home, taking action immediately is important. Here are some steps you can take:

  • Contact the nursing home’s administration. Alert them to your concerns and ask for an investigation.
  • Contact law enforcement. Financial abuse is a crime, and involving law enforcement is important if you suspect illegal activity.
  • Contact an attorney. An experienced elder law attorney can help you navigate the legal system and protect your loved one’s rights.

Don’t Let Your Loved Ones Be Victims: Contact Circeo Law Firm Today

Financial abuse in nursing homes is a growing concern, but staying vigilant and taking proactive steps can help protect your loved ones from exploitation. If you suspect your loved one is being financially abused, don’t hesitate to act. Contact the nursing home’s administration, law enforcement, and an experienced elder law attorney to protect your loved one’s rights.

At Circeo Law Firm, we understand the devastating toll financial abuse in nursing homes can have on families. That’s why we are committed to helping families protect their loved ones from exploitation and abuse. If you suspect that your loved one is being financially abused in a nursing home, don’t wait. Our Kentucky nursing home abuse lawyers will aggressively advocate for justice for your loved one. Get in touch with us today and let’s talk!