How to Prevent Financial Abuse With Aging Parents - Signs of Elder Financial Abuse
By Stacey Wright
on Aug 13, 2015 at 12:39 PM
Friends, family and caregivers are often in a unique position to observe the senior and make note of any concerning behavior or decisions. Experts encourage family members and friends to pay attention to signs that the senior may be compromised, which include:
- Significant withdrawals from bank accounts.
- Items and cash missing from the home.
- Changes made in wills, titles that are inconsistent with prior expressed wishes
- Forging of the elder's signature.
- Purchase of unnecessary services, goods or subscriptions.
- Financial activity that could not have been initiated by the senior, such as ATM withdrawals when the account holder is bedridden.
For more information and tips on how to help the senior in your life, read the complete article here on Fox Business.