Compassionate Elder Financial Abuse Lawyers In Sacramento, California
At the Schultz Redmond Law Group, PC, our elder financial abuse (Fraud) attorneys in Sacramento, California understand that some members of our senior generation suffer from mental and physical impairments while others simply need help with day-to-day activities that make them more vulnerable to financial abuse.
Whether it is a family member, friend, neighbor, caregiver, or a complete stranger who is taking advantage of our elder Sacramento County community, their behavior is illegal and life-changing for the victims and they must be held accountable. Elder financial abuse is on the rise in the United States, and our elder financial abuse (Fraud) law firm in Sacramento is dedicating our experience and legal resources to pursuing those responsible.
How Common Is Elder Financial Abuse In Sacramento, California?
Cities large and small throughout the U.S. are reporting widespread elder abuse and, in some cases, it is costing seniors their homes, life-savings, and even their lives.
The Consumer Financial Protection Bureau lists recent research that has found :
- 1 in 20 seniors reported being financially neglected, exploited, or abused in the past 12 months
- Only 1 in 44 cases of financial abuse is ever reported
- Almost 1 in 10 financial abuse victims will turn to Medicaid for primary care coverage, as a direct result of their financial savings being stolen
Who Is Responsible For Elder Financial Abuse In Sacramento, California?
There are many people, groups, and companies who prey on the vulnerable and trusting state of our elder residents. Sadly, the first line of defense — their family members and close friends — are often the offenders. Because seniors trust these individuals with their cash, bank accounts, credit cards, and other financial means, it is easier for them to take advantage of their elder’s lack of knowledge or inability to understand where their accounts stand.
The most common elder financial abuse offenders include, but are not limited to :
- Family members
- Friends and acquaintances
- Doctors or nurses
- Bank employees
- Religious leaders
How Are Trusted Individuals Defrauding Elders In Sacramento, California?
When a trusted friend, family member, or advisor is given an elder’s financial knowledge, including access to their accounts, pin numbers, or credit card use, they can easily take advantage of their position for personal financial gain.
Commonly, trusted members are :
- Using their elder’s money without their permission, including depositing pension or benefit checks into their own accounts, using credit cards, and exploiting other cash-related assets
- Taking possession of the senior’s property by having the senior removed from their home
- Forging their elder’s signature on financial transactions
- Coercing their elders to execute legal documents, including wills or deeds, when they do not understand what they are signing
- Fraudulently obtaining the power of attorney
- Borrowing money and never paying it back
- Charging for services that were not provided, keeping the change from shopping or errands, paying bills that are not the elder’s, and falsifying time sheets are common caregiver exploitation tactics
Family members, friends, neighbors, and caretakers are getting away with elder financial abuse in Sacramento, California because they are exploiting the kind and generous nature of the seniors they are “helping.” The elder’s possible memory loss or inability to understand where their finances stand can be compounded by trusted individuals threatening violence or withholding care, leaving the seniors in a completely vulnerable state.
Strangers Are Victimizing Our Elder Community In Sacramento, California Too
Seniors are incredibly trusting individuals, as they could never imagine that someone is taking advantage of them solely for financial gain. Complete strangers are taking advantage of our elder community in Sacramento by pretending to offer services or prizes in exchange for cash or access to the senior’s credit card or bank account numbers.
Common scams that are committed by strangers can include, but are not limited to :
- Lottery and sweepstakes scams
- Home repair cons where money is asked for up front and the services are never provided
- Grandparent scams that claim a family member has been hurt and needs money right away
- Charity scams where money is collected to benefit natural disaster or disease victims
- Misrepresentation/false identity scams where strangers pretend to be from utility companies
- Telemarketing scams that include threats
Common scams that are perpetrated by those representing themselves as professionals can include :
- Annuity sales
- Identity theft
- Internet phishing
- Investment and securities schemes
- Medicare scams
- Predatory Lending
Elder financial abuse is fraud, and pursuing the person, group, or company who has stolen from a senior requires in-depth experience and a knowledgeable approach to creating solutions.
At the Schultz Redmond Law Group, PC, our Sacramento elder financial abuse lawyers are committed to stopping any exploitation of our senior community. If you or someone you love is suffering from financial elder abuse, contact us right away to get the protection they need to get their life back.
Schultz Redmond Law Group, PC also focuses on following practice areas:
Have You Or Someone You Know Been The Victim of Elder Financial Abuse?
Call Our Experienced Sacramento, California Fraud Attorneys Now
Elder financial abuse can do more than destroy our senior community’s nest egg. It can create severe depression, illness, and distrust that is detrimental to the overall livelihood of an aging individual. If you or someone you love has been victimized by elder financial abuse, contact our compassionate Sacramento elder financial abuse attorneys today at (916) 922-2310 to discuss your claim. our elder financial abuse lawyer Sacramento are standing by to provide real-time solutions, so we can begin pursuing the fraudulent behavior right away. Call us now to schedule a free consultation, and learn how we can help you and your family hold the responsible party accountable for their illegal behavior.