Financial Exploitation in Nursing Homes

Elderly individuals over the age of 50 possess over 70% of the nation’s wealth. As such, financial exploitation of the elderly is an incredibly unfortunate, all-too-common crime. Senior citizens are commonly taken advantage of by people who they’ve placed a great deal of trust in, as seniors may be seen as easy, vulnerable targets. An elderly individual may be deceived into signing a Power of Attorney and control their finances, have their ATM cards to withdraw money, or have other manipulative measures utilized against them.

Common Financial Exploiters

Individuals that are placed in nursing homes on an indefinite basis are often there because they can no longer care for themselves independently. This makes them especially reliant on important people still involved in their lives to take care of their various life matters, such as:

  • Family members
  • Friends
  • Caretakers
  • Nurses
  • Doctors

Elderly financial abuse is vastly under-reported, as elderly individuals are often unaware that the financial exploitation is even happening – in most cases, the deceiving individuals are people that the elderly had trusted.

Contact a Texas Nursing Home Abuse Lawyer for Help

If you suspect that the finances of your loved one are being taken advantage of, do not hesitate to contact legal support. The diligent Texas nursing home lawyers with Hotze Runkle may fight for both the rights and the justice of your loved one. Contact Hotze Runkle at (877) 919-0830 today for a more in depth discussion of your legal options.