Palmer Rodak & Associates
Palmer Rodak & Associates
Certified Family Law Specialists State Bar of California Board of Legal SpecializationServing your Community for 19 Years
Parle Français • Habla Español • Farsi • ASL
View Our Practice Areas
In this Section

Avoiding elder financial abuse

Watching a loved one age is one of the most difficult aspects of life for many Californians -- especially when that loved one requires help drafting a will. During these sensitive times, it is common for some family members to manipulate the elderly individual for financial gain.

Those dealing with these dishonest attempts understand how dangerous they can really be. Depending on the elderly person's state of health and mind, an entire estate plan can change in the blink of an eye. Below are a few common warning signs of abuse, as well as some steps one can take during these difficult predicaments.

The Warning Signs 

First, it can benefit the whole family to learn the warning signs of manipulation. America Association of Retired Persons outlines a few warning signs of elder financial abuse, including unusual behavior. If the loved one displays little knowledge about finances, chances are that he or she may not be getting much say in the planning altogether. Even more shocking, the AARP warns readers that elderly family members who once showed a sharp understanding of money -- but exhibit a sudden ignorance of financial planning -- could have fallen victim to a manipulative family member. Another red flag involves the questionable behavior of family members, as the AARP encourages its audience to keep a close eye on any unusual actions.

Proactive Steps

Finding that a family member cannot be trusted can certainly be upsetting, but Forbes stresses the importance of addressing these situations. When a family member has suddenly crawled out of the woodwork in attempts to take over a loved one's property, other concerned family can hold meetings to discuss best methods of protection. Forbes also notes that more than one family member should be granted power of attorney. No matter the situation, elder financial abuse is a serious issue, but knowing the warning signs can help protect the most important aspect of this process: a beloved family member.  

No Comments

Leave a comment
Comment Information
Email Us For A Response

Contact Experienced Attorneys You Can Trust

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Palmer Rodak & Associates
Certified Family Law Specialists State Bar of California Board of Legal Specialization

Del Mar Office
445 Marine View Ave Ste 300
Del Mar, CA 92014

Phone: 858-356-4568
Del Mar Law Office Map

Oceanside Office
301 Mission Avenue Suite 205
Oceanside, CA 92054

Phone: 760-712-3889
Oceanside Law Office Map

Make a Payment