Financial Abuse

Financial nursing home abuse is the intentional use of another person’s financial assets without legal authorization. Nursing home residents may not be aware they’re being taken advantage of or have the mental capacity to approve changes in their financial accounts, deeds and wills.

The expansive definition of this act is when someone illegally uses a nursing home resident’s property, money, or assets. This can involve someone stealing personal belongings from the elder or obtaining identifying information and misusing the elder’s credit or debit cards. It could even extend to having the patient draw up a new will or authorizing a disbursement of funds from their bank accounts when they did not understand what the transaction really was about.

This type of abuse in nursing homes also includes fraudulently executing a new power of attorney or signing over a deed. A number of these acts require actions from a coherent mind and if the elder is not truly cognizant, the actions would be illegal.

Any type of fraud is a criminal act and should be reported to local law enforcement authorities. See the “What You Should Do” tab for additional information.

If you live in New York, New Jersey, Ohio, and Florida, contact one of our nursing home abuse legal specialist to get a no-obligation consultation today!

Source: Centers for Disease Control