Understanding Financial Exploitation in Nursing Homes
There are many reasons why your loved one might need to move into an assisted living facility. Whether they need around-the-clock care or assistance with daily activities, there are many benefits to this living situation for both residents and their families. However, sometimes unexpected circumstances could arise, including financial exploitation.
Gain a basic understanding of financial exploitation in nursing homes now by reading below. You will learn what this form of elder abuse involves and how our attorneys at Tomeny | Best could help.
Types of Financial Exploitation in Nursing Homes
Unfortunately, there are many ways your loved one could be financially exploited while living in a nursing facility. This type of crime involves the misuse of a resident’s assets, and it usually happens without their knowledge or consent. For example, a staff member may steal heirloom jewelry or other belongings from a resident.
Fraud and forgery are also common types of financial abuse in nursing homes. Perpetrators may steal checks and forge the account holder’s signature or make illegal purchases with their credit cards. Residents have also been coerced into signing over valuable assets to staff members.
It is not only unscrupulous caregivers who could be financially exploiting your loved one. The business itself may be overcharging, double billing, or practicing other fraudulent financial practices.
What Are the Warning Signs?
Many nursing home residents do not report financial abuse, even if they are aware that it is occurring. Whether they are fearful of repercussions, suffer from cognitive impairment, or are ashamed that they were manipulated, it is important that you recognize the common warning signs.
If you notice missing assets, such as watches, credit cards, or checks, there may be cause for concern. Unusual activity on the resident’s accounts, such as large withdrawals or unpaid bills, could also signal a need to investigate the situation further. Your loved one’s demeanor is important as well. If they become secretive or appear distressed, you may want to speak with them directly to find out why.
How To Protect Your Loved One
Now that you are more familiar with the types of financial exploitation that occur in care facilities, as well as the possible warning signs, the next step is protecting your loved one from this type of abuse. Start by staying informed. Regularly review bank account statements and legal documents for unexplained changes.
Assure your family member that you are there for them so they feel comfortable about coming to you with concerns. If you suspect financial abuse, speak with an experienced Tomeny | Best attorney for advice. We understand how to protect your loved one and could work to recover your family’s lost assets.
Contact an Experienced Financial Abuse Attorney
Financial exploitation in nursing homes occurs far too often. If you believe your loved one is a victim of this heartbreaking crime, reach out to Tomeny | Best for counsel. This is a serious form of elder abuse, with substantial legal consequences for those involved. Do not let the victim suffer alone. We are here to help guide your family through this tragic situation.
