Long Beach Financial Elder Abuse Lawyer
Seniors who are victimized by elder financial abuse face substantial economic harm. In fact, the National Council on Aging reports that financial exploitation costs older Americans $28.3 billion in losses each year. Many seniors also experience physical consequences of financial abuse due to the stress and shame.
When you or someone you love has been victimized by exploitation or abuse when it comes to your finances, you have legal rights. A Long Beach financial elder abuse lawyer at Albertson & Davidson, LLP can fight for you.
Our firm has been representing the elderly for decades. Our Long Beach estate litigation attorneys know the law, understand how to build strong cases, and are committed to getting you the justice you deserve.
Give us a call or contact us online today to schedule a free consultation and learn how we can help.
What is elder financial abuse?
Elder financial abuse or exploitation involves improper actions to misuse the resources of an elderly person for financial gain. This abuse could be committed by a scammer who does not know the senior, but far too often, trusted caregivers are the perpetrators.
Some common examples of elder financial abuse include:
- Misappropriating assets: This includes taking items of value that belong to a senior, such as stealing cash or jewelry, accessing money from their ATM without permission, or using their credit cards for personal purchases.
- Abusing a grant of authority under power of attorney: Seniors often give someone power of attorney to manage their affairs if they become incapacitated. The person granted this authority has a fiduciary duty to act in the best interest of the senior. Enriching themselves instead is a form of elder financial abuse.
- Coercion or undue influence: When caregivers or other people in a senior’s life use fraud, intimidation, threats, coercion, or pressure to convince a senior to give away assets, change a will, guarantee a loan, or otherwise make poor financial decisions, this is a form of abuse.
- Neglect for profit: Finally, if a caregiver collects payment or receives other benefits in exchange for caring for a senior and doesn’t provide promised care, this neglect for profit can be considered abuse.
In these and other situations, victims may have the right to pursue a damage claim.
How can a Long Beach elder financial abuse lawyer help you?
If you or someone you love was the victim of financial abuse, an attorney at Albertson & Davidson can provide invaluable help in recovering compensation and fighting for justice. Our probate lawyers in Long Beach will:
- Gather evidence, including witness testimony, expert testimony, and financial records
- Identify potential defendants, which could include caregivers, nursing homes, fiduciaries, family members, trustees, agents under power of attorney, financial advisers, or others responsible for the abuse.
- Negotiate a settlement out of court when possible to help recover the lost funds, as well as other appropriate damages
- Go to court when necessary in the pursuit of justice.
Contact a Long Beach elder financial abuse lawyer today
Albertson & Davidson cares about our clients, and we know the lasting damage that abuse can do.
To find out more about how we can help you take legal action, contact our firm online today to schedule a free consultation with a Long Beach elder financial abuse lawyer.