Elder Financial Abuse and Exploitation

Elder abuse is the intentional or neglectful act by a trusted individual or caregiver that can lead to the harm of a vulnerable elder.1 Financial exploitation of elders occurs when a trusted caregiver illegally takes, misuses, or conceals funds, property, or assets of a vulnerable elder.2 Given their age and increased dependency on others, older adults are often more vulnerable and a target of criminals as they tend to have more financial assets.3

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