Example of Financial exploitation include:O Significant withdrawals from the elder’s accountsO Sudden changes in the elder’s financial conditionO Items or cash missing from the senior’s householdO Suspicious changes in wills, power of attorney, titles, and policiesO Addition of names to the senior’s signature cardO Unpaid bills or lack of medical care, although the elder has enough money to pay for themO Financial activity the senior couldn’t have done, such as an ATM withdrawal when the account holder is bedriddenO Unnecessary services, goods, or subscriptions

Respuesta :

A member firm would get in touch with the client's "trusted contact person" if it thought that an elderly client of its was being taken advantage of financially.

For instance, family members, friends, caretakers, neighbors, and even professionals could steal money without authorization, fail to pay debts they owe, overcharge for services, or fail to do the tasks for which they were hired. Elder abuse can take the form of financial abuse, often known as financial exploitation. Examples include using coercion or deception to obtain money or property; forging documents; misusing money or property; or improperly using a guardianship or power of attorney. "Sudden changes in bank accounts or banking practices, including an enigmatic withdrawal of sizable sums of money by a companion. the presence of multiple names on a bank signature card for an elderly person.

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