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- Free consultation
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Financial Abuse in San Mateo County
Financial abuse of the elderly remains a persistent and troubling problem in our country. The National Council on Aging estimates that financial elder abuse and fraud cost seniors at least $2.9 billion annually. The State of California has strong legal protections for the elderly, including for their finances. If you suspect that an older parent or other relative has been or is being financially exploited, it’s important for you to take legal action. The attorneys of Loew Law Group are experienced in all aspects of financial elder abuse – whether committed by strangers, caregivers, friends, or even family members – and will work with you to hold any responsible parties accountable.
What Is Financial Elder Abuse?
Financial elder abuse occurs when someone wrongfully takes or misuses an elder’s money, property, or assets. Under California law, abuse can involve theft, fraud, coercion, undue influence, or failing to act in the elder’s best financial interests.
California protects both elders, defined as individuals aged 65 and older, and dependent adults, including adults aged 18 to 64 who have diminished physical or mental capacity.
Examples Of Financial Elder Abuse
- Direct theft from the victim or their living space
- Improper use of authority, such as abusing a power of attorney
- Telemarketing or internet scams targeting elders
- Investment or charity fraud by deceptive individuals or organizations
- Coercion or manipulation, especially involving elders with cognitive impairments
- Misuse of credit cards, bank accounts, or personal information
- Unfair agreements or “gifts” obtained through pressure or deceit
Steps families can take to prevent abuse
Families can help prevent financial elder abuse by staying actively involved in their loved one’s daily life, visiting frequently to reduce isolation, and encouraging open conversations about financial concerns or unusual interactions. Monitoring account activity and being alert to unexpected transactions or new acquaintances can also provide early warning signs. Educating elders about phishing attempts, online scams, and identity theft risks offers added protection and helps them recognize when someone is attempting to take advantage of them.
How Can A Financial Elder Abuse Attorney Help My Loved One?
A financial elder abuse attorney can play a critical role in protecting your loved one by evaluating the signs of abuse, identifying those responsible, and gathering financial records and documentation needed to support the claim. The attorney will navigate legal deadlines, pursue civil actions to recover misappropriated assets, and seek available damages such as economic losses, pain and suffering, and punitive awards. If the abuse is discovered after the elder’s death, the attorney can represent the estate to recover wrongfully taken property. An attorney can also defend individuals who have been wrongly accused, ensuring their rights and reputations remain safeguarded throughout the process.
Contact Our California Financial Elder Abuse Attorney
Loew Law Group is committed to protecting vulnerable elders and restoring what was wrongfully taken. Our litigation team fights for meaningful compensation, accountability, and long-term security. Contact us today for a free consultation so we can begin evaluating your case.