Financial Abuse in Nursing Homes
It is common for elderly people to rely on others such as caregivers or family members to help them manage their finances. Unfortunately, all too often this position of trust is abused, resulting in your elderly loved one being defrauded of valuable financial resources and property. It is important to be aware of the warning signs of financial abuse in nursing homesso that you can intervene before it is too late.
Financial abuse in nursing homes can be committed by caregivers as well as administrators, resulting in your loved one’s property and assets being taken without consent. Sometimes this may occur if your loved one lacks the mental acuity to authorize these transactions, placing him or her in a vulnerable position. Other times, a caregiver or administrator may threaten, manipulate, or deceive your loved one into entering into transactions that are against his or her best interest.
Some instances of financial abuse in nursing homes include:
- Cashing a resident’s check without authorization
- Forging a resident’s signature on a financial document
- Stealing money or valuable possessions from a resident
- Forcing a resident to sign a contract, will, power of attorney, or other legal document through methods of intimidation or manipulation
By monitoring your loved one’s finances carefully, you may be able to more easily detect financial abuse. If you notice sudden changes or adjustments to your loved one’s finances, it may be a sign that financial abuse has taken place.
The Phoenix nursing home abuse attorneys at Cullan & Cullan assist clients in protecting the rights of elderly citizens who have been victims of nursing home abuse. We can help you spot the signs of financial abuse and take the appropriate actions to prevent your loved one from losing all of his or her assets.
Please contact our Phoenix nursing home abuse lawyers today to schedule your free initial consultation. Cullan & Cullan serves clients in Phoenix, Scottsdale, and all of Arizona.