Seniors in Northern California nursing homes all too often are easy prey for people who siphon off the elders’ life savings. Some victims are unaware of the exploitation. On the other hand, some victims are too embarrassed to speak up. If you suspect that your loved one is the victim of financial abuse, you may have a viable claim to hold the responsible party accountable. Contact a financial elder abuse attorney from our firm to learn more about your legal options.
Our elder abuse lawyers can help to recover the money your loved one has lost. We can also help recover additional damages and attorney’s fees. We fight for victims of physical and financial abuse of the elderly throughout the San Francisco Bay Area.
California’s Elder Abuse and Dependent Adult Civil Protection Act aims to protect elders from financial abuse. Financial elder abuse occurs when an elder’s money or property is taken by means of fraud or undue influence. This includes transfers through a will, gift, donation or any type of agreement.
Elder financial abuse generally occurs after a person or business earns a senior’s trust. Then, they take advantage of the relationship. This can occur through misappropriating funds or property through false representations or other deceptive tactics. As a result, the scam artist generally ends up with control over the elder’s money or property.
Unfortunately, many scams that target seniors are committed by someone the elder knows. For example, perpetrators can include an elder’s friend, relative, business partner or other close acquaintance. This can make the abuse difficult to prove. Our financial elder abuse lawyers help clients uncover and prove the fraudulent activity.
A common type of financial abuse occurs when an insurance broker or financial adviser sells a senior an insurance policy or investment that benefits the seller, not the senior. One example is annuities that provide a return only after as long as 20 years. The dishonest sellers of these annuities convince their victims that the investment will protect the senior’s assets or will somehow help them qualify for government benefits.
If you suspect that a loved one is the victim of financial elder abuse, you should immediately contact an experienced attorney. Our elder abuse attorneys are available for weekend and evening meetings.