- Real estate or property fraud. Convincing an elderly individual to give away or sell property or real estate for substantially less than its value is an act of financial elder abuse. In addition, real estate fraud can also consist of convincing the older adult to take out another mortgage that does not benefit them financially.
Each of these types of financial elder abuse requires immediate intervention. Financial elder abuse can be devastating, financially, emotionally, and even physically. Victims of financial elder abuse in Roseville, CA have been known to show signs of depression, anxiety, and a general decline in health due to loss of the ability to pay for basic necessities and medical care.
How to Protect Yourself or a Loved One from Financial Elder Abuse
There are several ways to protect yourself or elderly loved ones from financial elder abuse in Roseville, CA. Here are a few easy-to-follow tips that can keep you safe:
- Do not maintain a joint bank account with another family member. Many elderly individuals maintain a joint bank account to ensure payment of bills after a medical incident or hospitalization. However, this allows others access to your account without your permission.
- Do not give up control of your home. If you have considered moving to an assisted living facility or a nursing home and you need to sell your home, it is best not to give full control of the situation to someone else. Do not let family members talk you into turning over your home to sell unless you do so via a legal process.
- Invoke a trustworthy Power of Attorney. Consider getting legal advice from an experienced attorney regarding a Power of Attorney. In the event you no longer have the ability to make financial decisions for yourself, a Power of Attorney you appoint can make these decisions for you. Ensure your appointed Power of Attorney is someone you can trust and complete the legal process to establish your PoA via a trusted attorney.
- Establish a trust. Consider setting up a living trust to protect yourself and your descendants against outside access to your assets.
Finding a Financial Elder Abuse Lawyer in Roseville, CA
If you feel you or a loved one may be a victim of financial elder abuse, it is important that you seek help right away. First, report the abuse to Adult Protective Services to ensure the abuse ends. Then, seek legal advice from an experienced Roseville financial elder abuse lawyer. A lawyer may be able to help you seek financial compensation to replace your lost assets.
Elder abuse cases are not always clear cut, and your best chance of reaching a positive outcome is to seek help from an experienced financial elder abuse attorney like the team at McCunn Law in Roseville, CA. Our compassionate financial elder abuse attorneys have a proven record of accomplishment and will work diligently to help you reach a satisfying resolution for your claim. For additional information or an individual consultation, contact McCunn Law today.