What is elder financial abuse?

Elder financial abuse is a form of elder abuse in which the elderly person’s finances are taken advantage of by another person or organization. It can range from seemingly minor scams and frauds, such as charging for services or products that are never received, to large-scale theft of the individual’s money or assets. Common types of elder financial abuse in Kansas include fraud, such as deceptive door-to-door sales, and exploitation, such as offering financial advice or other services in exchange for money or assets. Elder financial abuse negatively affects the individuals who are taken advantage of, leaving them with reduced financial resources and/or financial debt. It can also have negative consequences for the elderly person’s family and caregivers, as it can lead to a decrease in the person’s quality of life. Elder law in Kansas is focused on protecting seniors from financial abuse. This includes working to ensure seniors are not taken advantage of and that their finances are handled in a responsible, legal manner. Additionally, elder law attorneys offer advice and assistance to seniors who may have been the victims of financial abuse in the past. The attorneys can help determine the best way to resolve the issue and reclaim any lost money or assets.

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What is elder financial abuse?

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