Elder Financial Abuse Attorney in California

Elder financial abuse is a serious problem, and it's more common than you might think. It's the situation where a trusted person takes advantage of an elderly person's finances for their own gain. Such behavior can come from family members, caregivers, friends, or even professionals entrusted with the elder's financial well-being.

Who Commits Elder Financial Abuse?

Unfortunately, those closest to the elderly person often perpetuate financial abuse. It can be a family member, friend, or caregiver who exploits the elder's trust and good nature. Sometimes, the person may have power of attorney or another legal tool that gives them access to the elder's finances. Other times, they manipulate or coerce the elderly person into giving them money, property, or control over financial decisions.

Warning Signs of Elder Financial Abuse

There are several signs that might indicate financial abuse. Unusual bank withdrawals, changes in spending habits, new loans or mortgages, or sudden changes in a will or property titles can all raise red flags. Even subtle hints such as the elder seeming nervous around certain people, suddenly lacking amenities they could previously afford, or expressing confusion about their finances could indicate an issue.

Steps to Take When Elder Financial Abuse is Suspected

If you suspect financial abuse, it's essential to act quickly. Start by discussing your concerns with the elder, if possible. Then, report your suspicions to your local Adult Protective Services agency and the police. Consider seeking guidance from a lawyer to protect the elder's legal and financial rights.

How Can a Lawyer Help?

An elder financial abuse lawyer can help in multiple ways. First, they can help you understand your options and guide you through the necessary legal processes. This can involve revoking power of attorney documents, establishing conservatorships, and pursuing civil actions to recover lost assets. Additionally, they can assist in reporting the abuse to the appropriate authorities and can work with you to build a solid case.

Preventing Elder Financial Abuse

Preventing financial abuse starts with awareness. Encourage open conversations about finances with elders and regularly check on their financial well-being. Consider involving a lawyer in financial planning and establishing powers of attorney or trusts. Professional oversight can add an extra layer of security and reassurance.

Why Choose the Law Office of Eric Ridley?

At the Law Office of Eric Ridley, I’m dedicated to protecting the rights of the elderly in California. My commitment to clear, jargon-free communication ensures that my clients understand every step of the process. My friendly, approachable style makes me an ideal ally in the fight against elder financial abuse.

If you suspect a loved one is a victim of elder financial abuse, don’t hesitate to take action. I can provide you with the guidance and support you need during this challenging time. If you’d like to learn more about this, I’d be happy to talk to you about it. Just reach out. I don’t bite, and your consultation is free. Call me today at (805) 307-7713 or contact me online for a free initial strategy session and get the help you deserve.