What is Elder Financial Abuse?

How to Recognize Financial Abuse 1. Transactional Elder Financial Abuse Indicators 2. Possible Legal Document Abuse Indicators 3. Life-Style Change Indicators 4. Personal Relationship Abuse Indicators 5. Undue Influence Warnings to Elders about How to Avoid Financial Abuse When it comes to your finances, deal only with people you have known a long time and with companies or organizations with proven track records. Get everything in writing! Never accept a verbal promise or assurance if money or property is involved. Rarely will you benefit from mistakes or misunderstandings. Don’t sign anything without carefully reading it and never feel pressured to sign before you are absolutely ready to live with your decision. Honor the “three day rule” by waiting before you finalize any contract. The longer you wait, the better. Never be in a rush to get into any kind of “deal”. Take your time! Remember, it took a lifetime of work and sacrifice to build up your estate and you can lose it all with one stroke of a pen. (Refer to CANHR’s Fact Sheet – Preventing Elder Financial Abuse.) Click the link below for more information!