As people age, they become more vulnerable to financial exploitation, making them a target for scammers and fraudsters. Elder financial exploitation is a growing concern in Georgia, and it's essential to recognize the signs to protect your loved ones. Here are some signs of elder financial exploitation to look out for:
If you notice that an elderly person's finances have changed suddenly, it could be a sign of financial exploitation. Look out for unusual activity in bank statements, changes in the amount of money in accounts, or unexplained withdrawals.
If an elderly person suddenly changes their will, trust, or power of attorney documents, it could be a sign of financial exploitation. Look out for changes made under suspicious circumstances or without a clear explanation.
If an elderly person has unpaid bills or is missing money, it could be a sign of financial exploitation. Look out for overdue bills, utility disconnection notices, or other signs of financial trouble.
If an elderly person is making unusual or suspicious purchases, it could be a sign of financial exploitation. Look out for purchases of luxury items, expensive gifts, or unexplained purchases.
If an elderly person is being isolated from friends and family, it could be a sign of financial exploitation. Look out for a sudden lack of communication or the presence of a new caregiver who is controlling the elderly person's activities.
If you suspect that an elderly person is being financially exploited, there are several things you can do. First, contact Adult Protective Services in Georgia. They can investigate the situation and provide assistance.
At our law firm, we are dedicated to helping victims of elder financial exploitation and their families navigate the legal system and recover losses. If you suspect that you or a loved one may be a victim of financial exploitation, don't hesitate to reach out to us for help. Our experienced attorneys can provide guidance on what steps to take and work with you to hold those responsible accountable. Contact us today to schedule a consultation and take the first step in protecting your loved ones.
Prevention is always the best solution, so it's essential to educate yourself and your loved ones on the signs of elder financial exploitation. Talk to your elderly loved ones about their finances and estate planning, and keep an eye out for any unusual activity. By staying vigilant, you can help protect your loved ones from financial exploitation.
The Law Office of Daniel R. Crumby, LLC is located in Atlanta, GA and serves clients in and around Roswell, Decatur, Scottdale, Clarkston, Avondale Estates, Tucker, Smyrna, Dekalb County and Fulton County.
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