Who Does it Affect?
“Elder abuse”, or the mistreatment of older adults, occurs among people from all income levels and walks of life. Citizens above age 65 are most susceptible. It can take the form of physical, sexual, emotional or financial abuse.
The perpetrators of financial abuse are typically family members, friends, or trusted advisors that are well aware of the senior’s financial situation. Someone tries to develop a level of trust with the older adult so they will voluntarily give away their assets.