Elder Abuse & Fraud
Elder abuse occurs in many different forms, from financial, physical, sexual, and emotional abuse to neglect. Many victims are too confused or afraid to tell someone they love of the abuse, in fear of repercussions from the abuser. An elder abuse victim is typically over the age of 60, living independently, disabled and/or not able to handle personal finances on their own.
All 50 states have some type of elder abuse laws. According to the Administration for Community Living, these laws vary by state, but are in place to help protect the elderly who experience any of the different forms of abuse or neglect.
Laws that are centered around financial abuse concern illegally taking and misusing money, as well as concealing property, assets and funds that belong to an elderly individual. These assets are then used for the abuser’s benefit. While elder abuse is typically underreported, the yearly financial loss is estimated to be $2.6 billion dollars.