Financial Elder Abuse
Financial elder abuse involves taking advantage of older people and unfairly benefiting from their monetary resources. Family members, business associates, caregivers, and strangers sometimes financially abuse elders by taking advantage of their trust. Tactics involved in financial elder abuse include the unauthorized use of an older person’s assets, gaining power of attorney by way of trickery, or engaging in fraud.
Original Article Source Credits: Investopedia ,https://www.investopedia.com/
Article Written By: Investopedia
Original Article Posted on: Oct 29, 2020
Link to Original Article: https://www.investopedia.com/terms/f/financial-elder-abuse.asp