The financial abuse of senior adults is a growing concern. As people age, they often rely more on others for daily care, finances, and medical needs. Sadly, this dependence can leave them vulnerable to exploitation—sometimes by those they know and trust. According to AARP, older adults lose an estimated $28.3 billion each year due to financial abuse.
At Farrell & Grochowski, our elder law attorneys in Wallingford, CT, help families safeguard loved ones from financial harm. Below are practical steps to prevent financial exploitation and protect seniors.
What Does Financial Abuse of Senior Adults Look Like?
The financial abuse of senior adults can take many forms. Warning signs may include:
- Pressure or manipulation to sign financial or legal documents
- Unauthorized use of bank accounts or credit cards
- Isolation from financial information or account access
- Overcharging for caregiving services without documentation
These actions often go unnoticed until serious damage has been done. Detecting abuse early and seeking legal help is essential.
Planning Ahead
The best defense against the financial abuse of seniors is proactive planning. An estate plan created with the guidance of a Wallingford CT elder law attorney can:
- Establish durable powers of attorney and living trusts
- Appoint trustworthy fiduciaries or consider professional options
- Add oversight measures such as co-agents, trust protectors, or regular financial reviews
It’s important to choose fiduciaries carefully. Family members under financial stress may not always be the best choice. Meeting privately with an attorney ensures the senior’s wishes are respected without outside influence.
Learn more about estate planning for seniors.
What to Do If Financial Abuse of Senior Adults Occurs
If you suspect financial abuse of senior adults, take action immediately:
1. Report the Abuse
Notify Elderly Protective Services or local law enforcement. Quick action can stop further losses and launch an investigation.
2. Build a Circle of Support
Surround the senior with trusted allies such as family, friends, financial advisors, social workers, and an elder law attorney.
3. Seek Legal Assistance
At Farrell & Grochowski, we help families:
- Remove abusers from financial control
- Petition courts for a conservator of the estate
- Recover stolen assets through litigation or mediation
- Secure protective orders to stop further abuse
Our legal team provides clear guidance and takes steps to protect the senior’s financial future.
How to Recover Assets After Financial Abuse of Senior Adults
If money has already been taken, legal action may help recover it. Possible strategies include:
- Working with banks to freeze or trace accounts
- Filing lawsuits or official complaints against abusers
- Negotiating settlements when possible
- Pursuing criminal or civil proceedings
- Securing court-ordered injunctions for protection
These measures help restore financial stability and prevent further harm.
Get Trusted Legal Help in Wallingford, CT
At Farrell & Grochowski, we are committed to protecting Connecticut families from the financial abuse of our seniors. Whether you want to plan ahead or respond to suspected exploitation, our experienced attorneys are here to help.
Call us today at (203) 269-7756 or request a confidential consultation online: Contact Farrell & Grochowski.
We Can Help
The financial abuse of senior adults is preventable with the right legal tools and timely action. Our elder law attorneys not only help families create proactive plans but also take swift action when abuse has already occurred. By protecting seniors’ rights, we increase the chances of recovery and long-term security.If you or someone you love needs guidance, contact Farrell & Grochowski today.
