You want to think the best of your family members, but sometimes the signs are too alarming to ignore. If you are suspicious that your sibling or another relative is stealing money from your elderly parent, you are likely feeling anger and confusion. According to AgingCare, most financial elder abusers are family members.
4 signs your relative is financially abusing your aging parent
3 signs of unjust influence on an elderly family member
Elderly citizens need to have certain protections to safeguard finances from people who do not have their best interests at heart. This undue influence can take the form of transferring money from one account to another or simply taking advantage of another person's weaker state of mind.
Know the warning signs of financial elder abuse
Financial elder abuse is a growing issue for families in Colorado. As adults age, they face a higher risk of being victims of elder abuse, including financial abuse and exploitation. Financial abuse can significantly impact your family and make it difficult for you to pay for your parent's care as they age.
