Financial Elder Abuse

Seniors are one of the most vulnerable groups in society, especially when it comes to financial matters. Sadly, unscrupulous people often prey upon this vulnerability. The perpetrator could be anyone: a spouse, child, caregiver, financial advisor or even a complete stranger. Fortunately, the California legislature has enacted strict measures and laws to protect seniors. If you or someone you know may have been a victim of financial elder abuse, it is imperative that you retain counsel who understands these laws so as to maximize the recovery from the perpetrator.

Types of Financial Elder Abuse

Financial elder abuse takes many forms. A senior may be deceived into entrusting their funds or property to someone they believe has their best interest at heart, or they may not have even noticed that their assets were taken from them because they were solely reliant on someone else to manage their finances. In particularly heinous cases, the senior may be compelled into giving control of their resources not through a breach of trust, but by threats, intimidation or violence. What all of these cases have in common, however, is that the victim is over the age of 65 and was induced to transfer money, property, or other assets to someone else through fraud, undue influence, trickery, or other unlawful actions.

Recovery in Financial Elder Abuse Case

The Elder Abuse and Dependent Adult Civil Protection Act provides specific remedies to victims of financial elder abuse. This law not only entitles a senior to bring claims to recover and recoup assets that were wrongly taken from him or her, but also, in certain instances, entitles a senior to recover additional amounts from the perpetrator. Depending upon the facts and circumstances of the particular case, a senior may recover up to three times their actual damages, as well as punitive damages and attorney’s fees. Mr. Hill has extensive experience pursuing these remedies to obtain the maximum recovery for his clients.

If you’ve noticed signs of financial elder abuse, please contact the Law Offices of Robert L. Hill today for a FREE consultation.