Financial Fraud Against the Elderly is on The Rise Resulting
in Billions of Dollars Being Stolen From Seniors and Their
Families by Texas Elder Financial Abuse Fraud Lawyer,
Texas Guardian Fraud Lawyer, Texas Trust Fraud Lawyer, Texas
Family Inheritance Fraud Lawyer,
and
Texas Alleged Elder Financial Abuse Lawyer Jason S. Coomer
Financial elder abuse and financial fraud against the elderly are on the rise and was estimated to be at approximately $3 Billion in 2010. More and more elderly persons are becoming victims of financial fraud and financial elder abuse. Many of these acts of financial fraud, financial elder abuse, and exploitation of the elderly are committed by family members and caretakers that have access to an elderly person's finances. While some of these financial transfers are authorized by the elderly person, many are not.
Most Elder Financial Abuse Involves a Family Member,
Caretaker, Stock Broker, Financial Planner, or Financial
Adviser by Texas Guardian Fraud
Lawyer, Texas Power of Attorney Fraud Lawyer, Texas Alleged
Elder Financial Abuse Fraud Lawyer and
Texas Alleged Elder Financial Abuse Lawyer
A recent study has found that
Financial Elder Abuse and financial fraud against the
elderly are on the rise. Further, that most elder
financial abuse crimes involve a family member, financial
planner, financial adviser, or caretaker.
This elder financial abuse and fraud is most commonly
committed against woman over 80 years old. This
financial exploitation of elderly persons can include
changes in investments; buying real property and vehicles
for people; large cash withdraws; selling inherited real
estate; gifting mineral interests;
excessive use of ATM or credit cards; unnatural changes in a
will, power of attorney, beneficiary designations or
financial documents; documents signed under duress; theft of
valuables or money; transfers of money, mineral interests,
oil royalties, or assets; forgery of checks, financial
transaction documents, or other documents; isolation from
family, friends, community, or other stable relationships;
and use of medications to subdue the elderly person.
For more information on Texas Elder Financial Fraud, please go to the following website: Texas Elder Financial Abuse Fraud Lawyer, Texas Guardian Fraud Lawyer, Texas Trust Fraud Lawyer, Texas Family Inheritance Fraud Lawyer, and Texas Alleged Elder Financial Abuse Lawyer.
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