How can you stop elder financial abuse before it bankrupts your family's estate or trust?
The principle of prevention is that forewarned is forearmed.
That means keeping a watchful eye on an elderly loved one or family member's finances and
behavior so that you can stop a bad actor from getting away with fraud and exploitation.
The National Adult Protective Services Association has issued guidelines to help you spot red
flags of elder financial abuse: Unpaid Bills & Liabilities: If an elder supposedly
has enough money to pay the bills but ends up having their utilities shut off, it might
be a sign of just more than forgetfulness.
That money might have gone right into an abuser's pocket.
Surrendering Oversight: If a "new friend" or relative who suddenly begins visiting an
elder assumes oversight of financial affairs or power of attorney, this can present a big
red flag.
Investigate the circumstances further.
Suspicious Withdrawals: Checks written to "cash" or unexplained withdrawals from financial
accounts are a potential signal that an elder is being exploited by someone eager for access
to their funds.
Disappearing Funds: If cash, valuables or financial documents begin disappearing, find
out where they've gone.
A bad actor might already be looting your elder's estate.
Changed Estate Documents: If there are unauthorized or unexplained changes to wills, trusts or
other estate documents, it's time to ask the elder and possibly consult legal counsel.
Creditors Closing In: If the elder begins receiving property liens, foreclosure notices
or other claims by creditors without you expecting it, make sure you find out why.
Vulnerable elders need a support system among family as well as financial, medical and legal
professionals to protect them and their assets.
If you need an estate and trust litigation attorney with extensive experience in elder
financial abuse and undue influence cases, call us at Hackard Law at 916-313-3030.
We work throughout California, including in Sacramento, Los Angeles, Alameda, and San
Diego.
Safeguarding clients is our top priority, and we look forward to hearing your story
and seeing how we can help you.
Thank you.



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