I think my neighbor may be stealing money from his elderly family member – what should I do?

I think my neighbor may be stealing money from his elderly family member – what should I do?

 

Answers (1)

It is an unfortunate yet common occurrence that elderly people are the victims of financial exploitation at the hand of their caregivers.  Senior fraud commonly occurs when individuals, often family members of the elderly person, withdraw money from an elders account without the knowledge or permission of the elder.  The result of senior fraud is that financial condition of the elder is seriously compromised and their ability to pay for their own long-term care may be irreparably harmed. 

Other forms of senior fraud include family members or acquaintances changing the will of an elderly person or altering the title of property or beneficiaries of an insurance policy without the elder giving true informed consent.  If you suspect that an elder is falling victim to senior fraud, you should take action.  Senior fraud is really a form of elder abuse and should be reported to the local authorities.

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