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Financial Abuse in Nursing Homes

How a nursing home financial abuse lawyer can assist elderly victims of theft and embezzlement

Many residents of nursing homes or assisted living centers have saved for their entire adult lives in order to spend their final years in comfort. Unfortunately, there are those who will resort to fraud, embezzlement, theft, or any number of other crimes to prey upon the elderly. On this page we will take a look at how to recognize signs of financial abuse of nursing home residents and then examine some of the legal proceedings that a nursing home financial abuse lawyer can use to recover assets that were stolen from the elderly.

What is financial abuse?

Financial abuse is the act of gaining control of the financial assets or personal property of another in order to covert such assets and property to one’s own use. This form of abuse can include fraud, embezzlement, diversion, theft of personal property, telephone and e-mail scams, or even bank fraud. When these acts are directed at someone 60 years of age or older, it is considered “elder financial abuse.”

Who are the abusers?

I may seem hard to believe, but many cases of financial abuse of the elderly are at the hands of family members such as the elder’s spouse, siblings, the elder’s children or grandchildren, or a relative that stands to inherit money or property upon the elder’s death. This group of abusers are more likely to engage in abuse that involves:

  • changes to a will or a power of attorney
  • theft of personal property that is easily sold for cash
  • diversion of income from the elder’s accounts
  • forgery
  • transfer of title to real estate

The other class of potential financial abusers are those whom the elder believes can be trusted, such as:

  • former neighbors
  • long-term friends
  • new “friends” who take an unusual interest in the elder’s finances
  • clergy or other religious figures
  • other nursing home residents or staff members
  • guardians holding powers of attorney

Since family members may live some distance away from their elderly family members, responsibility for monitoring much of the elder’s well-being will fall to the nursing home staff. It then becomes the staff’s responsibility to inform family members of any unusual financial transactions or changes in the elder’s financial status. This does not, however, relieve the elder’s family members of these duties owed to their elderly.

Signs of financial abuse in the elderly and nursing home residents

Financial abuse of the elderly can be very difficult to detect since there are no signs that are specific to such abuse. It is therefore important that the elder’s financial status be closely monitored for changes that cannot be easily explained by circumstances such as illness or legitimate expenses.

How to recover assets stolen from a victim of financial abuse

Although there are criminal charges that can be brought against those responsible for the financial abuse of a nursing home resident, criminal charges will usually not result in the criminal being forced to repay or replace the money or property that was taken. There are, however, legal remedies that can be brought against those responsible for such crimes.

One such remedy is to file a lawsuit against the owners of the nursing home. The basis for such a lawsuit would be that the nursing home failed in its duty to protect the victim from financial abuse even though it should have known that residents are vulnerable to many forms of abuse, including financial abuse. Another grounds for a lawsuit would be that the nursing home should have notified a family member, or some state agency such as Adult Protective Services, when it became aware of unusual financial transactions involving the victim’s funds. A lawsuit could also be filed under the state’s RICO statutes against those who were responsible for such financial crimes.

If a member of your family has been the victim of financial abuse while a resident in a nursing home, you should contact the nursing home financial abuse lawyer at the Doan Law Firm by calling (800)349-0000 to discuss the facts in your family member’s case and arrange a no-cost or obligation review of the legal options available.

We know that if someone has been the victim of financial abuse as a nursing home resident there are usually very few assets available to fund a lawsuit against the abusers. This is why the Doan Law Firm will never require you to pay any fees or costs associated with a lawsuit that we are managing on your behalf. Instead, we will assume responsibility for all such expenses in exchange for an agreed-upon percentage of the final settlement that we will win for you.

Contact an Experienced Personal Injury Lawyer

After an accident, the responsible party's insurance company may try to reduce the claim amount. Commonly, insurance adjusters are trained to get information from the injured to assist in reducing the claim. Though some insurers are less guilty of this practice than others, it is important to realize that insurance companies are profit-oriented corporations and reducing claims results in increased profits for shareholders. This can create a situation for the injured in which they are offered a settlement that does not truly reflect the damages suffered. If you accept this settlement, you lose the ability to get more money should your injuries require further medical treatments. It is critical that victims get legal assistance in any personal injury case, and The Doan Law Firm is prepared to fight relentlessly for your rights.

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