Elder Financial Abuse

Understanding Financial Elder Abuse FAQ

When people are taken advantage of because they are older, that is considered elder abuse. One of the most common forms of elder abuse is someone taking advantage of an older person and that person's money. If you or a loved one is a victim of financial abuse, our lawyers at Chiariello & Chiariello are here to help. Our attorneys have helped people In Queens and throughout New York deal with these issues. Financial elder abuse can be tough to spot and understand, so we complied some of the most frequently asked questions for you.

What is financial elder abuse?

Financial elder abuse occurs when a person over the age of 65 has his or her funds misused or stolen by someone else. This includes fraud, forgery or deception.

What are common examples of financial abuse?

  • Stealing money from an elder
  • Deceiving an elder into giving you money
  • Health care providers defrauding an elder out of money
  • Lending to an elder, knowing he or she cannot pay it
  • Credit card fraud
  • Investment fraud

These are just a few examples. Any time someone takes advantage of an older person for financial gain, it is considered elder abuse.

Is elder abuse only done by family members?

No. It can include family, friends, businesses, insurance providers, creditors, etc. Any time someone takes advantage of an elder to get money, it is elder abuse.

Who do I report elder abuse to?

In New York, you report elder abuse to Adult Protective Services.

We Can Help If You Or A Loved One Was A Victim Of Financial Abuse

If you believe you or a loved one has been a victim of elder financial abuse, we are here to help. We treat all of our clients like family and will work to find the best solution. For a free consultation, give us a call today at 888-692-1540 or contact us online.