Elder financial abuse is a term that refers to any mistreatment that affects the finances of possessions of an elderly individual.  It includes nursing home theft, embezzlement, misappropriation of funds or possessions, scamming, false billing, identity theft and pressure to change a will.
Financial abuse is one of the most common forms of nursing home abuse. Each year, thousands of seniors are purposefully targeted and conned out of the money that they have spent their lives earning. An estimated $2.6 billion is taken every year from adults over the age of 65; this may be an underestimate as the majority of senior financial abuse goes unreported.
As people get older, it becomes more difficult for them to manage their money. They may not be able to see fine print or they may not be able to go to the bank without assistance, so they depend on others to help them. It is important that those who are helping be trustworthy. Nursing homes are required to screen all employees for criminal records.
A staff member of a nursing home might steal a resident's personal property or steal their personal information in order to withdraw money from the resident's bank account or to charge purchases to their credit card. A staff member might also pressure a nursing home resident to change their will or to invest in a financial scheme.  
Financial abuse can also include the charging of false fees for services that are already paid for or billing for services that have not been performed.
Signs of financial abuse include:
•    Recent, frequent withdrawals from bank accounts
•    Unusual credit card charges
•    Losses of personal property
•    New loans or mortgage contracts
•    Recent revisions to wills, deeds, or trusts Any sudden financial change or adjustment may be a sign of financial abuse.  To protect your loved one, be aware of their financial situation and of any changes, and follow up on any unexplained expenses or charges.

If you believe your loved one is a victim of Kansas City nursing home financial abuse, you will want to act quickly. In this case, time is money. Gather as much information and documentation as you can to support your suspicions and call the Missouri nursing home neglect attorneys at Kansas City Accident Injury Attorneys.  We can help you determine if your loved one is a victim of abuse and we can work to protect their rights and get compensation for their losses.
To learn more about nursing home abuse and neglect in Kansas and Missouri, contact the Kansas City Accident Injury Attorneys at 1-888-348-2616 and request our free book, Nursing Home Neglect How to Recognize and Stop It.
James Roswold
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James Roswold is a Kansas & Missouri personal injury, workers comp, and medical malpractice attorney.