As your loved ones grow older, you hope that they can relax and enjoy their golden years. Old age may offer some seniors the opportunity to slow down and focus on what matters to them. Sadly, some find themselves targeted by scammers and other financial abusers. If you know or suspect that your loved one is the victim of financial abuse, contact our financial elder abuse lawyers in Alabama.
At Southern Estate Lawyers, we’ve helped countless people protect their futures through estate planning. However, we are also passionate about helping our clients avoid financial abuse — and recovering damages if they are victimized.
We understand that if you’re looking for financial elder abuse lawyers in Alabama, you have many different options. Here are a few reasons to consider us:
Don’t be afraid to contact us if you aren’t sure whether your loved one is being financially abused. We can help you understand the signs of financial elder abuse and determine whether your loved one is at risk.
Financial elder abuse can take many forms, and some are easier to spot than others. These are some common scenarios:
Abuse of Power of Attorney
Some seniors who need help managing their finances may grant a trusted loved one financial power of attorney. Unfortunately, unscrupulous people may deliberately abuse that power. For instance, if they have been granted access to the senior’s bank account to pay bills, they might fulfill that duty but also periodically transfer money to themselves.
Coercion and Deception
Elderly people who are beginning to develop Alzheimer’s are especially prone to this kind of abuse. A friend or family member may try to pressure or trick the victim into signing over money or changing beneficiary designations. For example, an adult child may tell their aging parent that they need their signature on a car warranty — but then have the parent sign papers making them a sole beneficiary.
Scams
Not everyone who commits financial abuse does it to those they’re close to. Phone and internet scammers often try to trick complete strangers into handing over their money. These three scam types are often used to financially harm the elderly:
Talking to your loved one about common scams might help protect them, but it’s not a guarantee — many scammers can be extremely convincing.
Theft
Financial elder abuse can sometimes be quite brazen. For example, a housekeeper might “borrow” an elderly client’s credit card to make several online purchases.
If you think your elderly loved one could be the target of financial abuse, you may have many questions. These are some of the questions our new clients commonly ask:
What is financial elder abuse?
Financial elder abuse is any kind of activity designed to illegally or unethically collect an elderly person’s money. This kind of abuse can involve online and phone scams, but it can also be as simple as using a person’s credit card without their consent.
Who commits financial elder abuse?
Unfortunately, just about anyone can commit this crime. The elderly may be targeted by telemarketers, online scammers, employees in assisted living facilities, and even their own family members.
How can I tell if my loved one is being abused?
Common signs of financial abuse of seniors include unusual bank withdrawals, checks written out to “cash,” unpaid bills, and sudden changes in beneficiary designations. If you notice any signs, discuss them with your loved one and hire a lawyer if needed.
Will the perpetrator go to jail?
Maybe. Depending on the circumstances, there’s a good chance the perpetrator will face criminal charges. However, our firm focuses primarily on civil lawsuits. We don’t investigate criminal complaints, but we might be able to help your loved one get their money back.
If you’ve just found out your loved one has been targeted by financial abusers, you might be angry, confused, and unsure of what to do. The sooner you get in touch with us, the faster we can review your case and help you come up with a game plan.
Has your loved one been defrauded or tricked out of their hard-earned money? If so, they are counting on you to be their voice. Choosing to pursue legal action against the perpetrators of fraud is about so much more than finances — it’s about safeguarding your loved one’s independence, holding perpetrators accountable, and reducing the risk that someone else will be victimized in the future.
Cases of financial elder abuse are often complicated and difficult to prove. While no one can guarantee an outcome in any kind of legal case, an experienced attorney can dramatically increase your chances of securing a victory for your loved one.